1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
             TABLE 1.  SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

   PERIOD                                                                     RECEIPTS                OUTLAYS    DEFICIT/SURPLUS (-)
+  ____________________________________________________________  _____________________  _____________________  _____________________
   PRIOR YEAR

     OCTOBER                                                                   157,163                164,819                  7,656
     NOVEMBER                                                                  121,233                175,500                 54,267
     DECEMBER                                                                  187,914                161,347                -26,567
     JANUARY                                                                   203,452                159,723                -43,729
     FEBRUARY                                                                   97,962                174,018                 76,056
     MARCH                                                                     111,220                175,458                 64,238
     APRIL                                                                     237,426                170,257                -67,170
     MAY                                                                       102,496                183,127                 80,631
     JUNE                                                                      182,633                153,562                -29,071
     JULY                                                                      134,409                163,568                 29,159
     AUGUST                                                                    124,619                179,328                 54,709
     SEPTEMBER                                                                 192,698                150,310                -42,388

       YEAR-TO-DATE                                                          1,853,225              2,011,016                157,791

   CURRENT YEAR

     OCTOBER                                                                   124,557                178,628                 54,072
     NOVEMBER                                                                  120,037                178,914                 58,877
     DECEMBER                                                                  182,799                178,059                 -4,740
     JANUARY                                                                   187,897                177,256                -10,641
     FEBRUARY                                                                   89,496                186,164                 96,668
     MARCH                                                                     120,371                179,288                 58,918
     APRIL                                                                     231,174                180,114                -51,060
     MAY                                                                       103,433                192,301                 88,868
     JUNE                                                                      193,059                171,836                -21,223
     JULY                                                                      123,589                177,830                 54,241

       YEAR-TO-DATE                                                          1,476,411              1,800,390                323,978
-
-
-
-
-
-


 PAGE   1(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                  TABLE 2.  BUDGET AND OFF-BUDGET RESULTS AND FINANCING (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                           CURRENT               ACTUAL              BUDGET EST.
  CLASSIFICATION                                                            MONTH              FY TO DATE              FULL FY
+ _________________________________________________________________ _____________________ _____________________ _____________________
  TOTAL ON-BUDGET AND OFF-BUDGET RESULTS:

  TOTAL RECEIPTS                                                                  123,589             1,476,411             1,756,270
    ON-BUDGET  RECEIPTS                                                            84,045             1,036,594             1,233,276
    OFF-BUDGET RECEIPTS                                                            39,544               439,818               522,994
  ;CTOTAL OUTLAYS                                                                 177,830             1,800,390             2,211,712
    ON-BUDGET  OUTLAYS                                                            142,580             1,516,919             1,847,784
    OFF-BUDGET OUTLAYS                                                             35,249               283,470               363,928
  ;CTOTAL SURPLUS (+) OR DEFICIT (-)                                              -54,241              -323,978              -455,442
    ON-BUDGET  SURPLUS (+) OR DEFICIT (-)                                         -58,535              -480,326              -614,508
    OFF-BUDGET SURPLUS (+) OR DEFICIT (-)                                           4,295               156,348               159,066
  ;CTOTAL ON-BUDGET AND OFF-BUDGET FINANCING                                       54,241               323,978               455,442

  MEANS OF FINANCING:

    BORROWING FROM THE PUBLIC                                                      85,926               352,663               495,611
    REDUCTION OF OPERATING CASH, INCREASE (-)                                     -15,063                15,777                15,886
    BY OTHER MEANS                                                                -16,621               -44,462               -56,055
-
-
-
-
-
-
-
-
-
- 
 






1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                  TABLE 2.  BUDGET AND OFF-BUDGET RESULTS AND FINANCING (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                                  ACTUAL PREVIOUS           BUDGET EST.
           CLASSIFICATION                                                           FY TO DATE                NEXT FY
+          _________________________________________________________________   _____________________   _____________________
           TOTAL ON-BUDGET AND OFF-BUDGET RESULTS:

           TOTAL RECEIPTS                                                                  1,535,908               1,797,421
             ON-BUDGET  RECEIPTS                                                           1,104,536               1,251,169
             OFF-BUDGET RECEIPTS                                                             431,372                 546,252
           ;CTOTAL OUTLAYS                                                                 1,681,378               2,272,442
             ON-BUDGET  OUTLAYS                                                            1,405,634               1,890,188
             OFF-BUDGET OUTLAYS                                                              275,744                 382,254
           ;CTOTAL SURPLUS (+) OR DEFICIT (-)                                               -145,470                -475,021
             ON-BUDGET  SURPLUS (+) OR DEFICIT (-)                                          -301,098                -639,019
             OFF-BUDGET SURPLUS (+) OR DEFICIT (-)                                           155,629                 163,998
           ;CTOTAL ON-BUDGET AND OFF-BUDGET FINANCING                                        145,470                 475,021

           MEANS OF FINANCING:

             BORROWING FROM THE PUBLIC                                                       167,507                 437,455
             REDUCTION OF OPERATING CASH, INCREASE (-)                                         4,424                  ......
             BY OTHER MEANS                                                                  -26,462                  37,566
-
-
-
-
-
-
-
-
-
- PAGE   1(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                            TABLE 3.  SUMMARY OF RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         ACTUAL          ACTUAL       ACTUAL COMP.     BUDGET EST.
   CLASSIFICATION                                                      THIS MONTH    THIS FY TO DATE  PRIOR PERIOD       FULL FY
+  _________________________________________________________________ _______________ _______________ _______________ _______________
   BUDGET RECEIPTS

   INDIVIDUAL INCOME TAXES                                                    54,157         658,755         707,880         789,972
   CORPORATION INCOME TAXES                                                    2,630         100,163         117,560         125,308

   SOCIAL INSURANCE AND RETIREMENT RECEIPTS:

     EMPLOYMENT AND GENERAL RETIREMENT (OFF-BUDGET)                           39,544         439,818         431,372         522,994
     EMPLOYMENT AND GENERAL RETIREMENT (ON-BUDGET)                            11,373         127,245         129,447         151,249
     UNEMPLOYMENT INSURANCE                                                    2,520          27,577          24,277          32,248
     OTHER RETIREMENT                                                            353           3,819           3,800           4,553
   EXCISE TAXES                                                                6,551          54,491          54,366          67,085
   ESTATE AND GIFT TAXES                                                       1,773          18,549          22,513          21,962
   CUSTOMS DUTIES                                                              1,923          16,215          15,124          20,023
   MISCELLANEOUS RECEIPTS                                                      2,765          29,780          29,567          35,876
   ADJUSTMENT FOR REVENUE UNCERTAINTY                                         ......          ......          ......         -15,000

       ;BTOTAL RECEIPTS                                                      123,589       1,476,411       1,535,908       1,756,270

         ;C(ON-BUDGET)                                                        84,045       1,036,594       1,104,536       1,233,276
         ;C(OFF-BUDGET)                                                       39,544         439,818         431,372         522,994

   ;CBUDGET OUTLAYS

   LEGISLATIVE BRANCH                                                            233           2,867           2,660           3,926
   JUDICIAL BRANCH                                                               408           4,178           3,905           5,109
   DEPARTMENT OF AGRICULTURE                                                   4,834          62,311          60,000          76,995
   DEPARTMENT OF COMMERCE                                                        428           4,436           4,297           6,079
   DEPARTMENT OF DEFENSE-MILITARY                                             33,397         318,142         273,023         408,578
   DEPARTMENT OF EDUCATION                                                     2,816          47,340          37,981          59,693
   DEPARTMENT OF ENERGY                                                        2,773          16,430          15,303          19,493
   DEPARTMENT OF HEALTH AND HUMAN SERVICES                                    43,828         420,433         387,051         508,405
   DEPARTMENT OF HOMELAND SECURITY                                             1,965          25,469          12,570          35,845
   DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT                                 2,735          32,121          28,346          38,048
   DEPARTMENT OF THE INTERIOR                                                    804           7,252           8,012          10,385
   DEPARTMENT OF JUSTICE                                                       1,731          17,330          17,270          21,459
   DEPARTMENT OF LABOR                                                         6,390          58,134          52,994          70,700
   DEPARTMENT OF STATE                                                           735           7,934           8,092          11,009
   DEPARTMENT OF TRANSPORTATION                                                5,098          39,629          45,399          51,532

   DEPARTMENT OF THE TREASURY:

     INTEREST ON TREASURY DEBT SECURITIES (GROSS)                             11,035         288,803         299,344         324,634
     OTHER                                                                     2,515          55,170          43,339          49,013
   DEPARTMENT OF VETERANS AFFAIRS                                              4,779          46,747          41,563          58,300
-


 PAGE   1(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                            TABLE 3.  SUMMARY OF RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         ACTUAL          ACTUAL       ACTUAL COMP.     BUDGET EST.
   CLASSIFICATION                                                      THIS MONTH    THIS FY TO DATE  PRIOR PERIOD       FULL FY
+  _________________________________________________________________ _______________ _______________ _______________ _______________
   CORPS OF ENGINEERS                                                            379           3,998           4,024           4,594
   OTHER DEFENSE CIVIL PROGRAMS                                                3,312          33,355          29,283          40,159
   ENVIRONMENTAL PROTECTION AGENCY                                               649           6,529           6,080           8,051
   EXECUTIVE OFFICE OF THE PRESIDENT                                              30             277             392           1,324
   GENERAL SERVICES ADMINISTRATION                                                -4             609              37           1,011
   INTERNATIONAL ASSISTANCE PROGRAM                                            1,142          12,593          12,626          16,732
   NATIONAL AERONAUTICS AND SPACE ADMINISTRATION                               1,166          11,762          11,807          14,798
   NATIONAL SCIENCE FOUNDATION                                                   464           3,729           3,300           4,921
   OFFICE OF PERSONNEL MANAGEMENT                                              4,993          45,408          43,912          55,794
   SMALL BUSINESS ADMINISTRATION                                                  58           1,468             699           1,567
   SOCIAL SECURITY ADMINISTRATION                                             42,285         422,695         406,361         508,676
   OTHER INDEPENDENT AGENCIES                                                  1,187           1,872           8,218           6,783

   UNDISTRIBUTED OFFSETTING RECEIPTS:

     INTEREST                                                                    179        -153,934        -150,002        -160,063
     OTHER                                                                    -4,516         -44,698         -36,510         -51,838

       ;BTOTAL OUTLAYS                                                       177,830       1,800,390       1,681,378       2,211,712

         ;C(ON-BUDGET)                                                       142,580       1,516,919       1,405,634       1,847,784
         ;C(OFF-BUDGET)                                                       35,249         283,470         275,744         363,928

       ;CSURPLUS (+) OR DEFICIT (-)                                          -54,241        -323,978        -145,470        -455,442

         ;C(ON-BUDGET)                                                       -58,535        -480,326        -301,098        -614,508
         ;C(OFF-BUDGET)                                                        4,295         156,348         155,629         159,066
-
-
-
-
-
-
- 
             



1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 4.  RECEIPTS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                       GROSS RECEIPTS       REFUNDS (DEDUCT)          RECEIPTS
+ _________________________________________________________________ _____________________ _____________________ _____________________
  INDIVIDUAL INCOME TAXES:

    WITHHELD                                                                       57,889                                            
    PRESIDENTIAL ELECTION CAMPAIGN FUND                                                 1                
    OTHER                                                                           4,063                                            

      ;BTOTAL--INDIVIDUAL INCOME TAXES                                             61,953                 7,796                54,157

  ;CCORPORATION INCOME TAXES                                                        6,017                 3,387                 2,630

  ;CSOCIAL INSURANCE AND RETIREMENT RECEIPTS:
    EMPLOYMENT AND GENERAL RETIREMENT:
      FEDERAL OLD-AGE AND SURVIVORS INS. TRUST FUND:

        FEDERAL INSURANCE CONTRIBUTIONS ACT TAXES                                  33,434                ......                33,434
        SELF-EMPLOYMENT CONTRIBUTIONS ACT TAXES                                       369                ......                   369
        DEPOSITS BY STATES                                                         ......                ......                ......
        ADJUSTMENTS ATTRIBUTABLE TO PRIOR YEARS                                    ......                ......                ......

          ;ATOTAL--FOASI TRUST FUND                                                33,803                ......                33,803

      FEDERAL DISABILITY INSURANCE TRUST FUND:

        FEDERAL INSURANCE CONTRIBUTIONS ACT TAXES                                   5,678                ......                 5,678
        SELF-EMPLOYMENT CONTRIBUTIONS ACT TAXES                                        63                ......                    63
        DEPOSITS BY STATES                                                         ......                ......                ......
        ADJUSTMENTS ATTRIBUTABLE TO PRIOR YEARS                                    ......                ......                ......

          ;ATOTAL--FDI TRUST FUND                                                   5,741                ......                 5,741

      FEDERAL HOSPITAL INSURANCE TRUST FUND:

        FEDERAL INSURANCE CONTRIBUTIONS ACT TAXES                                  10,815                ......                10,815
        SELF-EMPLOYMENT CONTRIBUTIONS ACT TAXES                                       155                ......                   155
        RECEIPTS FROM RAILROAD RETIREMENT BOARD                                    ......                ......                ......
        DEPOSITS BY STATES                                                         ......                ......                ......
        ADJUSTMENTS ATTRIBUTABLE TO PRIOR YEARS                                    ......                ......                ......

          ;ATOTAL--FHI TRUST FUND                                                  10,970                ......                10,970

      RAILROAD RETIREMENT :

        RAIL PENSION AND SUPPLEMENTAL ANNUITY                                         227                  (**)                   227
        SOCIAL SECURITY EQUIVALENT ACCOUNT                                            176                  (**)                   176

          ;CTOTAL--EMPLOYMENT AND GENERAL RETIREMENT:                              50,917                  (**)                50,917


PAGE   1(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 4.  RECEIPTS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                       GROSS RECEIPTS       REFUNDS (DEDUCT)          RECEIPTS
+ _________________________________________________________________ _____________________ _____________________ _____________________

    ;CUNEMPLOYMENT INSURANCE:

      DEPOSITS BY STATES                                                            1,526                ......                 1,526
      FEDERAL UNEMPLOYMENT TAX ACT TAXES                                              969                    14                   955
      RAILROAD UNEMPLOYMENT TAXES                                                      39                ......                    39
      RAILROAD DEBT REPAYMENT                                                      ......                ......                ......

        ;ATOTAL--UNEMPLOYMENT INSURANCE                                             2,534                    14                 2,520

    OTHER RETIREMENT:

      FEDERAL EMPLOYEES RETIREMENT - EMPLOYEE SHARE                                   349                ......                   349
      NON-FEDERAL EMPLOYEES RETIREMENT                                                  4                ......                     4

        ;BTOTAL--OTHER RETIREMENT                                                     353                ......                   353
          ;CTOTAL--SOCIAL INSURANCE AND RETIREMENT RECEIPTS                        53,804                    14                53,790

  ;CEXCISE TAXES:

    MISCELLANEOUS EXCISE TAXES                                                      2,981                    83                 2,898
    AIRPORT AND AIRWAY TRUST FUND                                                     747                ......                   747
    HIGHWAY TRUST FUND                                                              2,858                ......                 2,858
    BLACK LUNG DISABILITY TRUST FUND                                                   48                ......                    48

      ;BTOTAL--EXCISE TAXES                                                         6,634                    83                 6,551

  ;CESTATE AND GIFT TAXES                                                           1,845                    71                 1,773
  ;CCUSTOMS DUTIES                                                                  1,990                    67                 1,923

  ;CMISCELLANEOUS RECEIPTS:

    DEPOSITS OF EARNINGS BY FEDERAL RESERVE BANKS                                   1,547                ......                 1,547
    UNIVERSAL SERVICE FUND                                                            559                ......                   559
    ALL OTHER                                                                         678                    19                   658

      ;BTOTAL -- MISCELLANEOUS RECEIPTS                                             2,784                    19                 2,765

  ;CADJUSTMENT FOR REVENUE UNCERTAINTY                                             ......                ......                ......

      ;CTOTAL -- RECEIPTS                                                         135,026                11,437               123,589

      ;CTOTAL -- ON-BUDGET                                                         95,482                11,437                84,045
      ;CTOTAL -- OFF-BUDGET                                                        39,544                ......                39,544



PAGE   2(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 4.  RECEIPTS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                       GROSS RECEIPTS       REFUNDS (DEDUCT)          RECEIPTS
+ _________________________________________________________________ _____________________ _____________________ _____________________
  INDIVIDUAL INCOME TAXES:

    WITHHELD                                                                      624,269                                            
    PRESIDENTIAL ELECTION CAMPAIGN FUND                                                54              
    OTHER                                                                         210,652                                            

      ;BTOTAL--INDIVIDUAL INCOME TAXES                                            834,975               176,220               658,755

  ;CCORPORATION INCOME TAXES                                                      156,904                56,741               100,163

  ;CSOCIAL INSURANCE AND RETIREMENT RECEIPTS:
    EMPLOYMENT AND GENERAL RETIREMENT:
      FEDERAL OLD-AGE AND SURVIVORS INS. TRUST FUND:

        FEDERAL INSURANCE CONTRIBUTIONS ACT TAXES                                 360,024                ......               360,024
        SELF-EMPLOYMENT CONTRIBUTIONS ACT TAXES                                    19,723                ......                19,723
        DEPOSITS BY STATES                                                           (**)                ......                  (**)
        ADJUSTMENTS ATTRIBUTABLE TO PRIOR YEARS                                    -3,769                ......                -3,769

          ;ATOTAL--FOASI TRUST FUND                                               375,978                ......               375,978

      FEDERAL DISABILITY INSURANCE TRUST FUND:

        FEDERAL INSURANCE CONTRIBUTIONS ACT TAXES                                  61,136                ......                61,136
        SELF-EMPLOYMENT CONTRIBUTIONS ACT TAXES                                     3,349                ......                 3,349
        DEPOSITS BY STATES                                                           (**)                ......                  (**)
        ADJUSTMENTS ATTRIBUTABLE TO PRIOR YEARS                                      -645                ......                  -645

          ;ATOTAL--FDI TRUST FUND                                                  63,840                ......                63,840

      FEDERAL HOSPITAL INSURANCE TRUST FUND:

        FEDERAL INSURANCE CONTRIBUTIONS ACT TAXES                                 118,218                ......               118,218
        SELF-EMPLOYMENT CONTRIBUTIONS ACT TAXES                                     8,244                ......                 8,244
        RECEIPTS FROM RAILROAD RETIREMENT BOARD                                       396                ......                   396
        DEPOSITS BY STATES                                                           (**)                ......                  (**)
        ADJUSTMENTS ATTRIBUTABLE TO PRIOR YEARS                                    -2,861                ......                -2,861

          ;ATOTAL--FHI TRUST FUND                                                 123,996                ......               123,996

      RAILROAD RETIREMENT :

        RAIL PENSION AND SUPPLEMENTAL ANNUITY                                       1,981                     8                 1,972
        SOCIAL SECURITY EQUIVALENT ACCOUNT                                          1,283                     7                 1,276

          ;CTOTAL--EMPLOYMENT AND GENERAL RETIREMENT:                             567,078                    15               567,063


PAGE   1(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 4.  RECEIPTS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                       GROSS RECEIPTS       REFUNDS (DEDUCT)          RECEIPTS
+ _________________________________________________________________ _____________________ _____________________ _____________________

    ;CUNEMPLOYMENT INSURANCE:

      DEPOSITS BY STATES                                                           21,118                ......                21,118
      FEDERAL UNEMPLOYMENT TAX ACT TAXES                                            6,468                   153                 6,315
      RAILROAD UNEMPLOYMENT TAXES                                                     143                ......                   143
      RAILROAD DEBT REPAYMENT                                                      ......                ......                ......

        ;ATOTAL--UNEMPLOYMENT INSURANCE                                            27,730                   153                27,577

    OTHER RETIREMENT:

      FEDERAL EMPLOYEES RETIREMENT - EMPLOYEE SHARE                                 3,774                ......                 3,774
      NON-FEDERAL EMPLOYEES RETIREMENT                                                 45                ......                    45

        ;BTOTAL--OTHER RETIREMENT                                                   3,819                ......                 3,819
          ;CTOTAL--SOCIAL INSURANCE AND RETIREMENT RECEIPTS                       598,627                   168               598,459

  ;CEXCISE TAXES:

    MISCELLANEOUS EXCISE TAXES                                                     23,254                   778                22,477
    AIRPORT AND AIRWAY TRUST FUND                                                   6,517                    19                 6,498
    HIGHWAY TRUST FUND                                                             25,716                   580                25,136
    BLACK LUNG DISABILITY TRUST FUND                                                  381                ......                   381

      ;BTOTAL--EXCISE TAXES                                                        55,868                 1,377                54,491

  ;CESTATE AND GIFT TAXES                                                          19,237                   688                18,549
  ;CCUSTOMS DUTIES                                                                 17,227                 1,013                16,215

  ;CMISCELLANEOUS RECEIPTS:

    DEPOSITS OF EARNINGS BY FEDERAL RESERVE BANKS                                  19,036                ......                19,036
    UNIVERSAL SERVICE FUND                                                          4,539                ......                 4,539
    ALL OTHER                                                                       6,488                   282                 6,206

      ;BTOTAL -- MISCELLANEOUS RECEIPTS                                            30,062                   282                29,780

  ;CADJUSTMENT FOR REVENUE UNCERTAINTY                                             ......                ......                ......

      ;CTOTAL -- RECEIPTS                                                       1,712,899               236,488             1,476,411

      ;CTOTAL -- ON-BUDGET                                                      1,273,082               236,488             1,036,594
      ;CTOTAL -- OFF-BUDGET                                                       439,818                ......               439,818
-
 

PAGE   2(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 4.  RECEIPTS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                       GROSS RECEIPTS       REFUNDS (DEDUCT)          RECEIPTS
+ _________________________________________________________________ _____________________ _____________________ _____________________
  INDIVIDUAL INCOME TAXES:

    WITHHELD                                                                      637,038                                            
    PRESIDENTIAL ELECTION CAMPAIGN FUND                                                61              
    OTHER                                                                         242,149                                            

      ;BTOTAL--INDIVIDUAL INCOME TAXES                                            879,249               171,369               707,880

  ;CCORPORATION INCOME TAXES                                                      172,881                55,321               117,560

  ;CSOCIAL INSURANCE AND RETIREMENT RECEIPTS:
    EMPLOYMENT AND GENERAL RETIREMENT:
      FEDERAL OLD-AGE AND SURVIVORS INS. TRUST FUND:

        FEDERAL INSURANCE CONTRIBUTIONS ACT TAXES                                 352,641                ......               352,641
        SELF-EMPLOYMENT CONTRIBUTIONS ACT TAXES                                    19,643                ......                19,643
        DEPOSITS BY STATES                                                           (**)                ......                  (**)
        ADJUSTMENTS ATTRIBUTABLE TO PRIOR YEARS                                    -3,516                ......                -3,516

          ;ATOTAL--FOASI TRUST FUND                                               368,768                ......               368,768

      FEDERAL DISABILITY INSURANCE TRUST FUND:

        FEDERAL INSURANCE CONTRIBUTIONS ACT TAXES                                  59,885                ......                59,885
        SELF-EMPLOYMENT CONTRIBUTIONS ACT TAXES                                     3,336                ......                 3,336
        DEPOSITS BY STATES                                                           (**)                ......                  (**)
        ADJUSTMENTS ATTRIBUTABLE TO PRIOR YEARS                                      -617                ......                  -617

          ;ATOTAL--FDI TRUST FUND                                                  62,604                ......                62,604

      FEDERAL HOSPITAL INSURANCE TRUST FUND:

        FEDERAL INSURANCE CONTRIBUTIONS ACT TAXES                                 118,081                ......               118,081
        SELF-EMPLOYMENT CONTRIBUTIONS ACT TAXES                                     8,140                ......                 8,140
        RECEIPTS FROM RAILROAD RETIREMENT BOARD                                       388                ......                   388
        DEPOSITS BY STATES                                                           (**)                ......                  (**)
        ADJUSTMENTS ATTRIBUTABLE TO PRIOR YEARS                                      -608                ......                  -608

          ;ATOTAL--FHI TRUST FUND                                                 126,001                ......               126,001

      RAILROAD RETIREMENT :

        RAIL PENSION AND SUPPLEMENTAL ANNUITY                                       2,138                     4                 2,134
        SOCIAL SECURITY EQUIVALENT ACCOUNT                                          1,316                     4                 1,313

          ;CTOTAL--EMPLOYMENT AND GENERAL RETIREMENT:                             560,828                     8               560,820



PAGE   1(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 4.  RECEIPTS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                       GROSS RECEIPTS       REFUNDS (DEDUCT)          RECEIPTS
+ _________________________________________________________________ _____________________ _____________________ _____________________

    ;CUNEMPLOYMENT INSURANCE:

      DEPOSITS BY STATES                                                           17,721                ......                17,721
      FEDERAL UNEMPLOYMENT TAX ACT TAXES                                            6,566                   100                 6,466
      RAILROAD UNEMPLOYMENT TAXES                                                      90                ......                    90
      RAILROAD DEBT REPAYMENT                                                      ......                ......                ......

        ;ATOTAL--UNEMPLOYMENT INSURANCE                                            24,377                   100                24,277

    OTHER RETIREMENT:

      FEDERAL EMPLOYEES RETIREMENT - EMPLOYEE SHARE                                 3,748                ......                 3,748
      NON-FEDERAL EMPLOYEES RETIREMENT                                                 52                ......                    52

        ;BTOTAL--OTHER RETIREMENT                                                   3,800                ......                 3,800
          ;CTOTAL--SOCIAL INSURANCE AND RETIREMENT RECEIPTS                       589,005                   108               588,897

  ;CEXCISE TAXES:

    MISCELLANEOUS EXCISE TAXES                                                     22,414                   909                21,505
    AIRPORT AND AIRWAY TRUST FUND                                                   7,327                    38                 7,289
    HIGHWAY TRUST FUND                                                             25,706                   572                25,134
    BLACK LUNG DISABILITY TRUST FUND                                                  438                ......                   438

      ;BTOTAL--EXCISE TAXES                                                        55,885                 1,518                54,366

  ;CESTATE AND GIFT TAXES                                                          23,139                   626                22,513
  ;CCUSTOMS DUTIES                                                                 15,949                   825                15,124

  ;CMISCELLANEOUS RECEIPTS:

    DEPOSITS OF EARNINGS BY FEDERAL RESERVE BANKS                                  20,583                ......                20,583
    UNIVERSAL SERVICE FUND                                                          4,610                ......                 4,610
    ALL OTHER                                                                       4,506                   132                 4,374

      ;BTOTAL -- MISCELLANEOUS RECEIPTS                                            29,699                   132                29,567

  ;CADJUSTMENT FOR REVENUE UNCERTAINTY                                             ......                ......                ......

      ;CTOTAL -- RECEIPTS                                                       1,765,806               229,898             1,535,908

      ;CTOTAL -- ON-BUDGET                                                      1,334,434               229,898             1,104,536
      ;CTOTAL -- OFF-BUDGET                                                       431,372                ......               431,372
-
 


PAGE   2(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
  LEGISLATIVE BRANCH:

    SENATE                                                                             14                  (**)                    14
    HOUSE OF REPRESENTATIVES                                                           78                  (**)                    78
    JOINT ITEMS                                                                         7                ......                     7
    CAPITOL POLICE                                                                     10                ......                    10
    CONGRESSIONAL BUDGET OFFICE                                                         2                ......                     2
    ARCHITECT OF THE CAPITOL                                                           31                     1                    30
    LIBRARY OF CONGRESS                                                                47                     1                    46
    GOVERNMENT PRINTING OFFICE                                                          3                ......                     3
    GENERAL ACCOUNTING OFFICE                                                          38                ......                    38
    UNITED STATES TAX COURT                                                             3                ......                     3
    OTHER LEGISLATIVE BRANCH AGENCIES                                                   5                ......                     5
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                  (**)                  (**)
    INTRABUDGETARY TRANSACTIONS                                                        -1                ......                    -1

      ;ATOTAL--LEGISLATIVE BRANCH                                                     236                     2                   233

  JUDICIAL BRANCH:

    SUPREME COURT OF THE UNITED STATES                                                  4                ......                     4

    COURTS OF APPEALS, DISTRICT COURTS, AND OTHER

     JUDICIAL SERVICES                                                                396                ......                   396
    OTHER                                                                              15                ......                    15
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                     1                    -1
    INTRABUDGETARY TRANSACTIONS                                                        -5                ......                    -5

      ;ATOTAL--JUDICIAL BRANCH                                                        409                     1                   408

  ;CDEPARTMENT OF AGRICULTURE:

    AGRICULTURAL RESEARCH SERVICE                                                      89                ......                    89

    COOPERATIVE STATE RESEARCH, EDUCATION, AND
     EXTENSION SERVICE:

      RESEARCH AND EDUCATION ACTIVITIES                                                46                ......                    46
      EXTENSION ACTIVITIES                                                             31                ......                    31
      OTHER                                                                             7                ......                     7
    ANIMAL AND PLANT HEALTH INSPECTION SERVICE                                         87                ......                    87
    FOOD SAFETY AND INSPECTION SERVICE                                                 53                ......                    53
    AGRICULTURAL MARKETING SERVICE                                                    153                ......                   153

    RISK MANAGEMENT AGENCY:



1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      ADMINISTRATIVE AND OPERATING EXPENSES                                             8                ......                     8
      FEDERAL CROP INSURANCE CORPORATION FUND                                         219                     1                   218

    ;CFARM SERVICE AGENCY:

      SALARIES AND EXPENSES                                                           105                ......                   105
      COMMODITY CREDIT CORPORATION                                                  1,441                 1,042                   399
      AGRICULTURAL CREDIT INSURANCE FUND                                               20                    73                   -53
      OTHER                                                                             2                ......                     2

        ;ATOTAL--FARM SERVICE AGENCY                                                1,569                 1,115                   454

    NATURAL RESOURCES CONSERVATION SERVICE:

      CONSERVATION OPERATIONS                                                          46                ......                    46
      OTHER                                                                           113                ......                   113
    RURAL DEVELOPMENT                                                                  -9                ......                    -9

    RURAL HOUSING SERVICE:

      RURAL HOUSING INSURANCE FUND                                                    138                   162                   -24
      RENTAL ASSISTANCE PROGRAM                                                        63                ......                    63
      OTHER                                                                             8                ......                     8

    RURAL UTILITIES SERVICE:

      RURAL ELECTRIFICATION AND TELECOMMUNICATIONS FUND                                20                   174                  -155
      RURAL DEVELOPMENT INSURANCE FUND                                                  3                    39                   -36
      OTHER                                                                             2                     7                    -5
    FOREIGN AGRICULTURAL SERVICE                                                      -23                ......                   -23

    ;CFOOD AND NUTRITION SERVICE:

      FOOD STAMP PROGRAM                                                            2,219                ......                 2,219
      CHILD NUTRITION PROGRAMS                                                        701                ......                   701

      SPECIAL SUPPLEMENTAL NUTRITION PROGRAM FOR

       WOMEN, INFANTS, AND CHILDREN (WIC)                                             379                ......                   379
      OTHER                                                                            40                ......                    40

        ;ATOTAL--FOOD AND NUTRITION SERVICE                                         3,340                ......                 3,340

    FOREST SERVICE:



PAGE   2(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      NATIONAL FOREST SYSTEM                                                           83                ......                    83
      WILDLAND FIRE MANAGEMENT                                                         69                ......                    69
      FOREST SERVICE PERMANENT APPROPRIATIONS                                          21                ......                    21
      OTHER                                                                           159                ......                   159

        ;ATOTAL--FOREST SERVICE                                                       333                ......                   333

    OTHER                                                                              84                     3                    81
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                    43                   -43
    INTRABUDGETARY TRANSACTIONS                                                        -1                ......                    -1

      ;CTOTAL--DEPARTMENT OF AGRICULTURE                                            6,379                 1,545                 4,834

  ;CDEPARTMENT OF COMMERCE:

    ECONOMIC DEVELOPMENT ADMINISTRATION                                                33                  (**)                    33
    BUREAU OF THE CENSUS                                                               59                ......                    59
    PROMOTION OF INDUSTRY AND COMMERCE                                                 29                ......                    29

    ;CSCIENCE AND TECHNOLOGY:

      NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION                                 248                     1                   246
      NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY                                   39                ......                    39
      OTHER                                                                            -5                     1                    -7

        ;ATOTAL--SCIENCE AND TECHNOLOGY                                               281                     3                   279

    OTHER                                                                              28                  (**)                    28
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                  (**)                  (**)
    INTRABUDGETARY TRANSACTIONS                                                    ......                ......                ......
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                ......                ......

      ;CTOTAL--DEPARTMENT OF COMMERCE                                                 431                     3                   428

  ;CDEPARTMENT OF DEFENSE-MILITARY:
    MILITARY PERSONNEL:

      DEPARTMENT OF THE ARMY                                                        4,010                ......                 4,010
      DEPARTMENT OF THE NAVY                                                        2,782                ......                 2,782
      DEPARTMENT OF THE AIR FORCE                                                   2,500                ......                 2,500

        ;ATOTAL--MILITARY PERSONNEL                                                 9,291                ......                 9,291

    OPERATION AND MAINTENANCE:




1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      DEPARTMENT OF THE ARMY                                                        4,789                ......                 4,789
      DEPARTMENT OF THE NAVY                                                        3,254                ......                 3,254
      DEPARTMENT OF THE AIR FORCE                                                   3,170                ......                 3,170
      DEFENSE AGENCIES                                                              3,447                ......                 3,447

          ;ATOTAL--OPERATION AND MAINTENANCE                                       14,659                ......                14,659

    PROCUREMENT:

      DEPARTMENT OF THE ARMY                                                        1,080                ......                 1,080
      DEPARTMENT OF THE NAVY                                                        2,267                ......                 2,267
      DEPARTMENT OF THE AIR FORCE                                                   1,877                ......                 1,877
      DEFENSE AGENCIES                                                                240                ......                   240

        ;ATOTAL--PROCUREMENT                                                        5,464                ......                 5,464

    RESEARCH, DEVELOPMENT, TEST, AND EVALUATION:

      DEPARTMENT OF THE ARMY                                                          718                ......                   718
      DEPARTMENT OF THE NAVY                                                        1,031                ......                 1,031
      DEPARTMENT OF THE AIR FORCE                                                   1,100                ......                 1,100
      DEFENSE AGENCIES                                                              1,410                ......                 1,410

        ;ATOTAL--RESEARCH, DEVELOPMENT, TEST, AND EVALUATION                        4,258                ......                 4,258

    MILITARY CONSTRUCTION:

      DEPARTMENT OF THE ARMY                                                          165                ......                   165
      DEPARTMENT OF THE NAVY                                                          143                ......                   143
      DEPARTMENT OF THE AIR FORCE                                                     122                ......                   122
      DEFENSE AGENCIES                                                                136                ......                   136

        ;ATOTAL--MILITARY CONSTRUCTION                                                567                ......                   567

    FAMILY HOUSING:

      DEPARTMENT OF THE ARMY                                                          125                ......                   125
      DEPARTMENT OF THE NAVY                                                          127                ......                   127
      DEPARTMENT OF THE AIR FORCE                                                      97                ......                    97
      DEFENSE AGENCIES                                                                  5                  (**)                     5

    REVOLVING AND MANAGEMENT FUNDS:

      DEPARTMENT OF THE ARMY                                                            1                ......                     1
-


 PAGE   4(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      DEPARTMENT OF THE NAVY                                                           72                ......                    72
      DEPARTMENT OF THE AIR FORCE                                                  ......                ......                ......

      DEFENSE AGENCIES:

        WORKING CAPITAL FUND                                                         -850                ......                  -850
        OTHER                                                                        -361                  (**)                  -361
    OTHER                                                                               3                ......                     3

    TRUST FUNDS:

      DEPARTMENT OF THE ARMY                                                         (**)                ......                  (**)
      DEPARTMENT OF THE NAVY                                                            4                ......                     4
      DEPARTMENT OF THE AIR FORCE                                                       1                  (**)                     1
      DEFENSE AGENCIES                                                                 13                ......                    13

    PROPRIETARY RECEIPTS FROM THE PUBLIC:

      DEPARTMENT OF THE ARMY                                                       ......                    48                   -48
      DEPARTMENT OF THE NAVY                                                       ......                    10                   -10
      DEPARTMENT OF THE AIR FORCE                                                  ......                    56                   -56
      DEFENSE AGENCIES                                                             ......                   137                  -137

    INTRABUDGETARY TRANSACTIONS:

      DEPARTMENT OF THE ARMY                                                          115                ......                   115
      DEPARTMENT OF THE NAVY                                                         (**)                ......                  (**)
      DEPARTMENT OF THE AIR FORCE                                                      41                ......                    41
      DEFENSE AGENCIES                                                                 19                ......                    19

    OFFSETTING GOVERNMENTAL RECEIPTS:

      DEPARTMENT OF THE ARMY                                                       ......                     2                    -2
      DEFENSE AGENCIES                                                             ......                ......                ......

        ;CTOTAL--DEPARTMENT OF DEFENSE--MILITARY                                   33,650                   253                33,397

  ;CDEPARTMENT OF EDUCATION:
    OFFICE OF ELEMENTARY AND SECONDARY EDUCATION:

      EDUCATION FOR THE DISADVANTAGED                                                 755                ......                   755
      IMPACT AID                                                                       15                ......                    15
      SCHOOL IMPROVEMENT PROGRAMS                                                     542                ......                   542
      EDUCATION REFORM                                                                 28                ......                    28
      OTHER                                                                            28                ......                    28
-


PAGE   5(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

        ;ATOTAL--OFFICE OF ELEMENTARY AND SECONDARY EDUCATION                       1,367                ......                 1,367

    OFFICE OF ENGLISH LANGUAGE ACQUISITION                                             32                ......                    32

    OFFICE OF SPECIAL EDUCATION AND REHABILITATIVE SERVICES:

      SPECIAL EDUCATION                                                               428                ......                   428
      REHABILITATION SERVICES AND DISABILITY RESEARCH                                 217                ......                   217
      SPECIAL INSTITUTIONS FOR PERSONS WITH DISABILITIES                               15                ......                    15
    OFFICE OF VOCATIONAL AND ADULT EDUCATION                                          151                ......                   151

    ;COFFICE OF POSTSECONDARY EDUCATION:

      COLLEGE HOUSING AND ACADEMIC FACILITIES LOANS                                    -3                     2                    -5
      HIGHER EDUCATION                                                                153                ......                   153
      HOWARD UNIVERSITY                                                                17                ......                    17

        ;ATOTAL--OFFICE OF POSTSECONDARY EDUCATION                                    168                     2                   165

    FEDERAL STUDENT AID:

      STUDENT FINANCIAL ASSISTANCE                                                    480                ......                   480
      STUDENT AID ADMINISTRATION                                                        8                ......                     8
      FEDERAL STUDENT LOAN RESERVE FUND                                            ......                ......                ......
      FEDERAL DIRECT STUDENT LOANS                                                      8                ......                     8
      FEDERAL FAMILY EDUCATION LOANS                                                 -137                ......                  -137

        ;ATOTAL--FEDERAL STUDENT AID                                                  359                ......                   359

    INSTITUTE OF EDUCATION SCIENCES                                                    43                ......                    43
    DEPARTMENTAL MANAGEMENT                                                            43                ......                    43
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                     5                    -5

      ;CTOTAL--DEPARTMENT OF EDUCATION                                              2,823                     7                 2,816

  ;CDEPARTMENT OF ENERGY:
    NATIONAL NUCLEAR SECURITY ADMINISTRATION:

      NAVAL REACTORS                                                                   55                ......                    55
      WEAPONS ACTIVITIES                                                              575                ......                   575
      DEFENSE NUCLEAR NONPROLIFERATION                                                 74                ......                    74
      OTHER                                                                            28                ......                    28

    ENVIRONMENTAL AND OTHER DEFENSE ACTIVITIES:
-


 PAGE   6(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      DEFENSE ENVIRONMENTAL RESTORATION AND

       WASTE MANAGEMENT                                                               408                ......                   408
      DEFENSE SITE ACCELERATION COMPLETION                                             90                ......                    90
      OTHER DEFENSE ACTIVITIES                                                         49                ......                    49
      OTHER                                                                            30                ......                    30

    ;CENERGY PROGRAMS:

      SCIENCE                                                                         270                ......                   270
      ENERGY SUPPLY                                                                    48                ......                    48
      ENERGY CONSERVATION                                                              69                ......                    69
      OTHER                                                                           149                     1                   148

        ;ATOTAL--ENERGY PROGRAMS                                                      536                     1                   535

    POWER MARKETING ADMINISTRATION                                                    179                   144                    36
    DEPARTMENTAL ADMINISTRATION                                                        23                ......                    23
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                   193                  -193
    INTRABUDGETARY TRANSACTIONS                                                     1,063                ......                 1,063
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                ......                ......

      ;CTOTAL--DEPARTMENT OF ENERGY                                                 3,111                   337                 2,773

  ;CDEPARTMENT OF HEALTH AND HUMAN SERVICES:
    PUBLIC HEALTH SERVICE:

      FOOD AND DRUG ADMINISTRATION                                                    117                     1                   117
      HEALTH RESOURCES AND SERVICES ADMINISTRATION                                    534                     2                   533
      INDIAN HEALTH SERVICES                                                          146                ......                   146
      CENTERS FOR DISEASE CONTROL AND PREVENTION                                      193                ......                   193
      NATIONAL INSTITUTES OF HEALTH                                                 2,039                ......                 2,039
      SUBSTANCE ABUSE AND MENTAL HEALTH SERVICES ADMINISTRATION                       240                ......                   240
      AGENCY FOR HEALTHCARE RESEARCH AND QUALITY                                       23                ......                    23

        ;CTOTAL--PUBLIC HEALTH SERVICE                                              3,291                     2                 3,289

    ;CCENTERS FOR MEDICARE AND MEDICAID SERVICES:

      GRANTS TO STATES FOR MEDICAID                                                14,757                ......                14,757
      PAYMENTS TO HEALTH CARE TRUST FUNDS                                           7,184                ......                 7,184
      STATE CHILDREN'S HEALTH INSURANCE FUND                                          338                ......                   338

      ;CFEDERAL HOSPITAL INSURANCE TRUST FUND:

        BENEFIT PAYMENTS                                                           12,927                ......                12,927



PAGE   7(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
        ADMINISTRATIVE EXPENSES                                                       125                ......                   125

          ;ATOTAL--FHI TRUST FUND                                                  13,052                ......                13,052

      HEALTH CARE FRAUD AND ABUSE CONTROL                                              55                ......                    55

      ;CFEDERAL SUPPLEMENTARY MEDICAL INSURANCE TRUST FUND:

        BENEFIT PAYMENTS                                                           10,925                ......                10,925
        ADMINISTRATIVE EXPENSES                                                       167                ......                   167

          ;ATOTAL--FSMI TRUST FUND                                                 11,092                ......                11,092

      OTHER                                                                             8                ......                     8

        ;CTOTAL--CENTERS FOR MEDICARE AND MEDICAID SERVICES                        46,486                ......                46,486

    ;CADMINISTRATION FOR CHILDREN AND FAMILIES:

      TEMPORARY ASSISTANCE FOR NEEDY FAMILIES                                       1,240                ......                 1,240

      PAYMENTS TO STATES FOR CHILD SUPPORT ENFORCEMENT

       AND FAMILY SUPPORT PROGRAMS                                                    475                ......                   475
      LOW INCOME HOME ENERGY ASSISTANCE                                               142                ......                   142
      REFUGEE AND ENTRANT ASSISTANCE                                                   38                ......                    38
      CHILD CARE ENTITLEMENT TO STATES                                                209                ......                   209

      PAYMENTS TO STATES FOR THE CHILD CARE

       AND DEVELOPMENT BLOCK GRANT                                                    184                ......                   184
      SOCIAL SERVICES BLOCK GRANT                                                     122                ......                   122
      CHILDREN AND FAMILIES SERVICES PROGRAMS                                         637                ......                   637
      PAYMENTS TO STATES FOR FOSTER CARE AND ADOPTION ASSISTANCE                      590                ......                   590
      OTHER                                                                            23                ......                    23

        ;ATOTAL--ADMINISTRATION FOR CHILDREN AND FAMILIES                           3,659                ......                 3,659

    ADMINISTRATION ON AGING                                                            87                ......                    87
    OTHER                                                                             219                ......                   219
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                 2,727                -2,727

    INTRABUDGETARY TRANSACTIONS:
      PAYMENTS FOR HEALTH INSURANCE FOR THE AGED:

        FEDERAL SUPPLEMENTARY MEDICAL INSURANCE TRUST FUND                         -7,184                ......                -7,184




1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      PAYMENTS FOR TAX AND OTHER CREDITS:

        FEDERAL HOSPITAL INSURANCE TRUST FUND                                        (**)                ......                  (**)
        OTHER                                                                      ......                ......                ......

      ;CTOTAL--DEPARTMENT OF HEALTH AND HUMAN SERVICES                             46,557                 2,729                43,828

  ;CDEPARTMENT OF HOMELAND SECURITY:

    CITIZENSHIP AND IMMIGRATION SERVICES                                               28                ......                    28
    UNITED STATES SECRET SERVICE                                                       97                ......                    97

    ;CBORDER AND TRANSPORTATION SECURITY:

      TRANSPORTATION SECURITY ADMINISTRATION                                          318                ......                   318
      OTHER                                                                           829                ......                   829

        ;ATOTAL--BORDER AND TRANSPORTATION SECURITY                                 1,147                ......                 1,147

    UNITED STATES COAST GUARD                                                         603                     1                   602

    ;CEMERGENCY PREPAREDNESS AND RESPONSE:

      DISASTER RELIEF                                                                 300                ......                   300
      NATIONAL FLOOD INSURANCE FUND                                                    33                   115                   -82
      OTHER                                                                           128                  (**)                   128

        ;ATOTAL--EMERGENCY PREPAREDNESS AND RESPONSE                                  461                   115                   346

    SCIENCE AND TECHNOLOGY                                                             18                ......                    18
    INFORMATION ANALYSIS AND INFRASTRUCTURE PROTECTION                                  4                ......                     4
    OTHER                                                                              27                ......                    27
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                     1                    -1
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                   304                  -304

      ;CTOTAL--DEPARTMENT OF HOMELAND SECURITY                                      2,386                   421                 1,965

  ;CDEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
    PUBLIC AND INDIAN HOUSING PROGRAMS:

      HOUSING CERTIFICATE FUND                                                      1,763                ......                 1,763
      PUBLIC HOUSING CAPITAL FUND                                                     251                ......                   251
      PUBLIC HOUSING OPERATING FUND                                                   297                ......                   297
      DRUG ELIMINATION GRANTS FOR LOW-INCOME HOUSING                                   15                ......                    15
-


 PAGE   9(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      REVITALIZATION OF SEVERELY DISTRESSED

       PUBLIC HOUSING (HOPE VI)                                                        54                ......                    54
      NATIVE AMERICAN HOUSING BLOCK GRANT                                              55                ......                    55
      OTHER                                                                          (**)                ......                  (**)

        ;ATOTAL--PUBLIC AND INDIAN HOUSING PROGRAMS                                 2,434                ......                 2,434

    COMMUNITY PLANNING AND DEVELOPMENT:

      HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS                                      17                ......                    17
      COMMUNITY DEVELOPMENT BLOCK GRANTS                                              480                ......                   480
      HOME INVESTMENT PARTNERSHIP PROGRAM                                             118                ......                   118
      HOMELESS ASSISTANCE GRANTS                                                       90                ......                    90
      OTHER                                                                            11                  (**)                    11

        ;ATOTAL--COMMUNITY PLANNING AND DEVELOPMENT                                   716                  (**)                   715

    HOUSING PROGRAMS:

      PUBLIC ENTERPRISE FUNDS                                                        (**)                     1                    -1

      CREDIT ACCOUNTS:

        FHA-MUTUAL MORTGAGE INSURANCE FUND, PROGRAM ACCOUNT                            31                ......                    31
        FHA-MUTUAL MORTGAGE INSURANCE CAPITAL RESERVE ACCOUNT                        -650                ......                  -650

        FHA-MUTUAL MORTGAGE AND COOPERATIVE HOUSING

         INSURANCE FUND, LIQUIDATING ACCOUNT                                           13                    14                    -1
        FHA-GENERAL AND SPECIAL RISK FUND, PROGRAM ACCOUNT                             21                ......                    21
        FHA-GENERAL AND SPECIAL RISK FUND, LIQUIDATING ACCOUNT                        133                    51                    82

        HOUSING FOR THE ELDERLY OR HANDICAPPED FUND,

         LIQUIDATING ACCOUNT                                                         (**)                    83                   -83
      HOUSING FOR THE ELDERLY AND HANDICAPPED                                         108                ......                   108
      OTHER ASSISTED HOUSING PROGRAMS                                                  52                  (**)                    52
      OTHER                                                                             1                ......                     1

        ;ATOTAL--HOUSING PROGRAMS                                                    -290                   150                  -440

    GOVERNMENT NATIONAL MORTGAGE ASSOCIATION:

      GUARANTEES OF MORTGAGE-BACKED SECURITIES, PROGRAM ACCOUNT                    ......                ......                ......



PAGE  10(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      GUARANTEES OF MORTGAGE-BACKED SECURITIES, LIQUIDATING ACCOUNT                     9                    44                   -34
    MANAGEMENT AND ADMINISTRATION                                                      76                ......                    76
    OTHER                                                                              12                ......                    12

    PROPRIETARY RECEIPTS FROM THE PUBLIC:

      FHA-MUTUAL MORTGAGE INSURANCE FUND                                           ......                ......                ......
      FHA-GENERAL AND SPECIAL RISK FUND                                            ......                    27                   -27
      OTHER                                                                        ......                ......                ......

    INTRABUDGETARY TRANSACTIONS:

      FHA-MUTUAL MORTGAGE INSURANCE FUND                                           ......                ......                ......
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                     1                    -1

      ;CTOTAL--DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT                          2,957                   222                 2,735

  ;CDEPARTMENT OF THE INTERIOR:
    LAND AND MINERALS MANAGEMENT:
      BUREAU OF LAND MANAGEMENT:

        MANAGEMENT OF LANDS AND RESOURCES                                              64                ......                    64
        WILDLAND FIRE MANAGEMENT                                                       69                ......                    69
        OTHER                                                                          21                    16                     5
      MINERALS MANAGEMENT SERVICE                                                      57                ......                    57
      OFFICE OF SURFACE MINING RECLAMATION AND ENFORCEMENT                             21                ......                    21

        ;ATOTAL--LAND AND MINERALS MANAGEMENT                                         232                    16                   216

    WATER AND SCIENCE:
      BUREAU OF RECLAMATION:

        WATER AND RELATED RESOURCES                                                    61                ......                    61
        OTHER                                                                          37                    12                    25
      UNITED STATES GEOLOGICAL SURVEY                                                  54                ......                    54
      OTHER                                                                             1                ......                     1

        ;ATOTAL--WATER AND SCIENCE                                                    153                    12                   141

    FISH AND WILDLIFE AND PARKS:

      UNITED STATES FISH AND WILDLIFE SERVICE                                         131                ......                   131
      NATIONAL PARK SERVICE                                                           165                ......                   165

        ;ATOTAL--FISH AND WILDLIFE AND PARKS                                          296                ......                   296
-


 PAGE  11(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

    BUREAU OF INDIAN AFFAIRS                                                          347                  (**)                   347

    DEPARTMENTAL OFFICES:

      INSULAR AFFAIRS                                                                  23                ......                    23

      OFFICE OF SPECIAL TRUSTEE FOR

       AMERICAN INDIANS                                                                43                ......                    43
      OTHER                                                                           -32                ......                   -32
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                   230                  -230
    INTRABUDGETARY TRANSACTIONS                                                      (**)                ......                  (**)

      ;CTOTAL--DEPARTMENT OF THE INTERIOR                                           1,062                   258                   804

  ;CDEPARTMENT OF JUSTICE:

    GENERAL ADMINISTRATION                                                             50                ......                    50

    LEGAL ACTIVITIES AND UNITED STATES MARSHALS:

      GENERAL LEGAL ACTIVITIES                                                         59                ......                    59
      UNITED STATES ATTORNEYS                                                         133                ......                   133
      UNITED STATES MARSHALS SERVICE                                                  120                ......                   120
      SEPTEMBER 11TH VICTIM COMPENSATION                                               72                ......                    72
      OTHER                                                                            66                ......                    66
    FEDERAL BUREAU OF INVESTIGATION                                                   380                ......                   380
    DRUG ENFORCEMENT ADMINISTRATION                                                   148                ......                   148
    BUREAU OF ALCOHOL, TOBACCO, FIREARMS, AND EXPLOSIVES                               74                ......                    74
    FEDERAL PRISON SYSTEM                                                             400                    22                   378

    OFFICE OF JUSTICE PROGRAMS:

      STATE AND LOCAL LAW ENFORCEMENT ASSISTANCE                                      118                ......                   118
      COMMUNITY ORIENTED POLICING SERVICES                                             65                ......                    65
      OTHER                                                                            57                ......                    57
    OTHER                                                                              12                ......                    12
    INTRABUDGETARY TRANSACTIONS                                                        -1                ......                    -1
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                ......                ......

      ;ATOTAL--DEPARTMENT OF JUSTICE                                                1,753                    22                 1,731

  DEPARTMENT OF LABOR:
    EMPLOYMENT AND TRAINING ADMINISTRATION:
-


 PAGE  12(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      TRAINING AND EMPLOYMENT SERVICES                                                563                ......                   563
      WELFARE TO WORK JOBS                                                             20                ......                    20
      COMMUNITY SERVICE EMPLOYMENT FOR OLDER AMERICANS                                 43                ......                    43
      FEDERAL UNEMPLOYMENT BENEFITS AND ALLOWANCES                                     60                ......                    60

      STATE UNEMPLOYMENT INSURANCE AND EMPLOYMENT

       SERVICE OPERATIONS                                                            -100                ......                  -100

      ADVANCES TO THE UNEMPLOYMENT TRUST FUND AND

       OTHER FUNDS                                                                 ......                ......                ......

      ;CUNEMPLOYMENT TRUST FUND:
        FEDERAL-STATE UNEMPLOYMENT INSURANCE:

          STATE UNEMPLOYMENT BENEFITS                                               4,737                ......                 4,737
        STATE ADMINISTRATIVE EXPENSES                                                 395                ......                   395
        FEDERAL ADMINISTRATIVE EXPENSES                                                34                ......                    34
        VETERANS EMPLOYMENT AND TRAINING                                             (**)                ......                  (**)
        REPAYMENT OF ADVANCES FROM THE GENERAL FUND                                ......                ......                ......
        OTHER                                                                        (**)                ......                  (**)

          ;ATOTAL--UNEMPLOYMENT TRUST FUND                                          5,166                ......                 5,166

      OTHER                                                                             8                ......                     8

        ;CTOTAL--EMPLOYMENT AND TRAINING ADMINISTRATION                             5,761                ......                 5,761

    ;CPENSION BENEFIT GUARANTY CORPORATION                                            242                   -55                   297

    EMPLOYMENT STANDARDS ADMINISTRATION:

      SALARIES AND EXPENSES                                                            29                ......                    29
      SPECIAL BENEFITS                                                                104                ......                   104
      BLACK LUNG DISABILITY TRUST FUND                                                 36                ......                    36
      OTHER                                                                            38                ......                    38
    OCCUPATIONAL SAFETY AND HEALTH ADMINISTRATION                                      36                ......                    36
    BUREAU OF LABOR STATISTICS                                                         29                ......                    29
    OTHER                                                                              66                ......                    66
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                  (**)                  (**)
    INTRABUDGETARY TRANSACTIONS                                                        -5                ......                    -5

      ;CTOTAL--DEPARTMENT OF LABOR                                                  6,336                   -55                 6,390
-


 PAGE  13(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

  ;CDEPARTMENT OF STATE:
    ADMINISTRATION OF FOREIGN AFFAIRS:

      DIPLOMATIC AND CONSULAR PROGRAMS                                                280                ......                   280
      EMBASSY SECURITY, CONSTRUCTION, AND MAINTENANCE                                  64                ......                    64

      PAYMENT TO FOREIGN SERVICE RETIREMENT AND

       DISABILITY FUND                                                             ......                ......                ......
      FOREIGN SERVICE RETIREMENT AND DISABILITY FUND                                   52                ......                    52
      OTHER                                                                           109                ......                   109

        ;ATOTAL--ADMINISTRATION OF FOREIGN AFFAIRS                                    506                ......                   506

    INTERNATIONAL ORGANIZATIONS AND CONFERENCES                                        86                ......                    86
    MIGRATION AND REFUGEE ASSISTANCE                                                   64                ......                    64
    INTERNATIONAL NARCOTICS CONTROL AND LAW ENFORCEMENT                                31                ......                    31
    ANDEAN COUNTERDRUG INITIATIVE                                                      41                ......                    41
    OTHER                                                                               7                ......                     7
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                ......                ......
    INTRABUDGETARY TRANSACTIONS                                                      (**)                ......                  (**)
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                ......                ......

      ;CTOTAL--DEPARTMENT OF STATE                                                    735                ......                   735

  ;CDEPARTMENT OF TRANSPORTATION:
    OFFICE OF THE SECRETARY:

      COMPENSATION FOR AIR CARRIERS                                                  (**)                ......                  (**)
      OTHER                                                                             9                ......                     9

        ;ATOTAL--OFFICE OF THE SECRETARY                                                9                ......                     9

    FEDERAL AVIATION ADMINISTRATION:

      OPERATIONS                                                                      260                ......                   260

      ;CAIRPORT AND AIRWAY TRUST FUND:

        GRANTS-IN-AID FOR AIRPORTS                                                    205                ......                   205
        FACILITIES AND EQUIPMENT                                                      211                ......                   211
        RESEARCH, ENGINEERING, AND DEVELOPMENT                                         10                ......                    10
        TRUST FUND SHARE OF FAA OPERATIONS                                            255                ......                   255

          ;ATOTAL--AIRPORT AND AIRWAY TRUST FUND                                      680                ......                   680



PAGE  14(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      OTHER                                                                           -25                     6                   -30

        ;CTOTAL--FEDERAL AVIATION ADMINISTRATION                                      915                     6                   909

    ;CFEDERAL HIGHWAY ADMINISTRATION:
      HIGHWAY TRUST FUND:

        FEDERAL-AID HIGHWAYS                                                        3,233                ......                 3,233
        OTHER                                                                          63                ......                    63
      OTHER PROGRAMS                                                                   44                ......                    44

        ;ATOTAL--FEDERAL HIGHWAY ADMINISTRATION                                     3,340                ......                 3,340

    NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION                                     35                ......                    35

    ;CFEDERAL RAILROAD ADMINISTRATION:
      CAPITAL GRANTS TO THE NATIONAL RAILROAD PASSENGER

       CORPORATION                                                                    121                ......                   121
      OTHER                                                                            19                  (**)                    19

        ;ATOTAL--FEDERAL RAILROAD ADMINISTRATION                                      140                  (**)                   140

    FEDERAL TRANSIT ADMINISTRATION:

      FORMULA GRANTS                                                                  207                ......                   207
      DISCRETIONARY GRANTS                                                             17                ......                    17
      TRUST FUND SHARE OF EXPENSES                                                    130                ......                   130
      OTHER                                                                           208                ......                   208

        ;ATOTAL--FEDERAL TRANSIT ADMINISTRATION                                       562                ......                   562

    MARITIME ADMINISTRATION                                                            79                  (**)                    79
    OTHER                                                                              47                     1                    46
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                    19                   -19
    INTRABUDGETARY TRANSACTIONS                                                    ......                ......                ......
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                     1                    -1

      ;CTOTAL--DEPARTMENT OF TRANSPORTATION                                         5,125                    27                 5,098

  ;CDEPARTMENT OF THE TREASURY:
    DEPARTMENTAL OFFICES:

      EXCHANGE STABILIZATION FUND                                                      94                     9                    85
-



 PAGE  15(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      OTHER                                                                           102                ......                   102

    ;CFINANCIAL MANAGEMENT SERVICE:

      SALARIES AND EXPENSES                                                            24                ......                    24
      TEMPORARY STATE FISCAL RELIEF FUND                                            1,005                ......                 1,005
      PAYMENT TO THE RESOLUTION FUNDING CORPORATION                                   540                ......                   540
      INTEREST PAID TO CREDIT FINANCING ACCOUNTS                                   ......                ......                ......
      CLAIMS, JUDGEMENTS, AND RELIEF ACTS                                              79                ......                    79
      OTHER                                                                           230                ......                   230

        ;ATOTAL--FINANCIAL MANAGEMENT SERVICE                                       1,878                ......                 1,878

    FEDERAL FINANCING BANK                                                            -48                ......                   -48

    BUREAU OF ALCOHOL AND TOBACCO TAX AND TRADE BUREAU:

      SALARIES AND EXPENSES                                                             3                ......                     3
      INTERNAL REVENUE COLLECTIONS FOR PUERTO RICO                                     34                ......                    34
    BUREAU OF ENGRAVING AND PRINTING                                                   -6                ......                    -6
    UNITED STATES MINT                                                                 62                  -118                   180
    BUREAU OF THE PUBLIC DEBT                                                          15                ......                    15

    ;CINTERNAL REVENUE SERVICE:

      PROCESSING, ASSISTANCE, AND MANAGEMENT                                          294                ......                   294
      TAX LAW ENFORCEMENT                                                             284                ......                   284
      INFORMATION SYSTEMS                                                             112                ......                   112
      PAYMENT WHERE EARNED INCOME CREDIT EXCEEDS LIABILITY FOR TAX                    183                ......                   183
      PAYMENT WHERE CHILD CREDIT EXCEEDS LIABILITY FOR TAX                            123                ......                   123

      REFUNDING INTERNAL REVENUE COLLECTIONS,

       INTEREST                                                                       182                ......                   182
      OTHER                                                                            48                     2                    46

        ;ATOTAL--INTERNAL REVENUE SERVICE                                           1,226                     2                 1,223

    COMPTROLLER OF THE CURRENCY                                                        34                   216                  -182
    OFFICE OF THRIFT SUPERVISION                                                        8                    48                   -40

    ;CINTEREST ON THE PUBLIC DEBT:
      INTEREST ON TREASURY DEBT SECURITIES (GROSS):

        PUBLIC ISSUES (ACCRUAL BASIS)                                              12,392                ......                12,392
-


 PAGE  16(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
        SPECIAL ISSUES (CASH BASIS)                                                -1,357                ......                -1,357

          ;ATOTAL--INTEREST ON TREASURY DEBT SECURITIES (GROSS)                    11,035                ......                11,035
            TOTAL--INTEREST ON THE PUBLIC DEBT                                     11,035                ......                11,035

    ;COTHER                                                                             6                ......                     6
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                   148                  -148
    INTRABUDGETARY TRANSACTIONS                                                      -588                ......                  -588

      ;CTOTAL--DEPARTMENT OF THE TREASURY                                          13,855                   305                13,549

  ;CDEPARTMENT OF VETERANS AFFAIRS:
    VETERANS HEALTH ADMINISTRATION:

      MEDICAL CARE                                                                  2,010                ......                 2,010
      OTHER                                                                            66                    24                    42

    ;CVETERANS BENEFITS ADMINISTRATION:
      PUBLIC ENTERPRISE FUNDS:

        VETERANS HOUSING BENEFIT PROGRAM FUND                                          61                     5                    55
        OTHER                                                                          67                    61                     6
      COMPENSATION AND PENSIONS                                                     2,381                ......                 2,381
      READJUSTMENT BENEFITS                                                           157                ......                   157

      INSURANCE FUNDS:

        NATIONAL SERVICE LIFE                                                          94                ......                    94
        UNITED STATES GOVERNMENT LIFE                                                   1                ......                     1
        VETERANS SPECIAL LIFE                                                          11                     3                     8
      OTHER                                                                             7                ......                     7

        ;ATOTAL--VETERANS BENEFITS ADMINISTRATION                                   2,780                    69                 2,711

    CONSTRUCTION                                                                       35                ......                    35
    DEPARTMENTAL ADMINISTRATION                                                       133                ......                   133

    PROPRIETARY RECEIPTS FROM THE PUBLIC:

      NATIONAL SERVICE LIFE                                                        ......                    13                   -13
      OTHER                                                                        ......                   138                  -138
    INTRABUDGETARY TRANSACTIONS                                                      (**)                ......                  (**)

      ;CTOTAL--DEPARTMENT OF VETERANS AFFAIRS                                       5,024                   244                 4,779

  ;CCORPS OF ENGINEERS:



PAGE  17(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

    CONSTRUCTION                                                                      139                ......                   139
    OPERATION AND MAINTENANCE                                                         137                ......                   137
    FLOOD CONTROL                                                                      26                ......                    26
    RIVERS AND HARBORS CONTRIBUTED FUNDS                                               41                ......                    41
    HARBOR MAINTENANCE TRUST FUND                                                      55                ......                    55
    OTHER                                                                              42                ......                    42
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                    62                   -62
    INTRABUDGETARY TRANSACTIONS                                                    ......                ......                ......

      ;ATOTAL--CORPS OF ENGINEERS                                                     441                    62                   379

  OTHER DEFENSE CIVIL PROGRAMS:
    MILITARY RETIREMENT:

      PAYMENT TO MILITARY RETIREMENT FUND                                          ......                ......                ......
      MILITARY RETIREMENT FUND                                                      2,972                ......                 2,972

    RETIREE HEALTH CARE:
      PAYMENT TO UNIFORMED SERVICES RETIREE

       HEALTH CARE FUND                                                            ......                ......                ......
      UNIFORMED SERVICES RETIREE HEALTH CARE FUND                                     336                ......                   336
    EDUCATIONAL BENEFITS                                                               15                ......                    15
    OTHER                                                                              24                ......                    24
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                     1                    -1
    INTRABUDGETARY TRANSACTIONS                                                       -33                ......                   -33

      ;ATOTAL--OTHER DEFENSE CIVIL PROGRAMS                                         3,314                     1                 3,312

  ENVIRONMENTAL PROTECTION AGENCY:

    SCIENCE AND TECHNOLOGY                                                             72                ......                    72
    ENVIRONMENTAL PROGRAMS AND MANAGEMENT                                             169                ......                   169
    STATE AND TRIBAL ASSISTANCE GRANTS                                                296                ......                   296
    HAZARDOUS SUBSTANCE SUPERFUND                                                     116                ......                   116
    OTHER                                                                               1                  (**)                     1
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                     5                    -5
    INTRABUDGETARY TRANSACTIONS                                                    ......                ......                ......
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                  (**)                  (**)

      ;ATOTAL--ENVIRONMENTAL PROTECTION AGENCY                                        654                     5                   649

  EXECUTIVE OFFICE OF THE PRESIDENT:
    COMPENSATION OF THE PRESIDENT AND THE
-


 PAGE  18(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

     WHITE HOUSE OFFICE                                                                 3                ......                     3
    OFFICE OF MANAGEMENT AND BUDGET                                                     5                ......                     5
    OFFICE OF NATIONAL DRUG CONTROL POLICY                                              2                ......                     2
    EMERGENCY RESPONSE FUND                                                        ......                ......                ......
    OTHER                                                                              19                ......                    19

      ;ATOTAL--EXECUTIVE OFFICE OF THE PRESIDENT                                       30                ......                    30

  GENERAL SERVICES ADMINISTRATION:

    REAL PROPERTY ACTIVITIES                                                           -7                ......                    -7
    SUPPLY AND TECHNOLOGY ACTIVITIES                                                   -3                ......                    -3
    GENERAL ACTIVITIES                                                                  7                ......                     7
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                  (**)                  (**)

      ;ATOTAL--GENERAL SERVICES ADMINISTRATION                                         -4                  (**)                    -4

  INTERNATIONAL ASSISTANCE PROGRAM:
    INTERNATIONAL SECURITY ASSISTANCE:

      FOREIGN MILITARY LOAN PROGRAM                                                     7                    42                   -35
      FOREIGN MILITARY FINANCING PROGRAM                                              125                ......                   125
      ECONOMIC SUPPORT FUND                                                           131                ......                   131
      OTHER                                                                           116                ......                   116
      PROPRIETARY RECEIPTS FROM THE PUBLIC                                         ......                ......                ......

        ;ATOTAL--INTERNATIONAL SECURITY ASSISTANCE                                    379                    42                   337

    MULTILATERAL ASSISTANCE:
      CONTRIBUTION TO THE INTERNATIONAL DEVELOPMENT

       ASSOCIATION                                                                    222                ......                   222
      INTERNATIONAL ORGANIZATIONS AND PROGRAMS                                          6                ......                     6
      OTHER                                                                           212                ......                   212
      PROPRIETARY RECEIPTS FROM THE PUBLIC                                         ......                ......                ......

        ;ATOTAL--MULTILATERAL ASSISTANCE                                              440                ......                   440

    INTERNATIONAL DEVELOPMENT ASSISTANCE:
      AGENCY FOR INTERNATIONAL DEVELOPMENT:

        ECONOMIC ASSISTANCE LOANS                                                  ......                   106                  -106
        SUSTAINABLE DEVELOPMENT ASSISTANCE PROGRAM                                      7                ......                     7
        CHILD SURVIVAL AND DISEASE PROGRAMS                                           107                ......                   107
-


 PAGE  19(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

        ASSISTANCE FOR THE INDEPENDENT STATES OF

         THE FORMER SOVIET UNION                                                       71                ......                    71
        OPERATING EXPENSES                                                             44                ......                    44

        PAYMENT TO THE FOREIGN SERVICE RETIREMENT

         AND DISABILITY FUND                                                       ......                ......                ......
        OTHER                                                                         112                     2                   110
        PROPRIETARY RECEIPTS FROM THE PUBLIC                                       ......                ......                ......
        INTRABUDGETARY TRANSACTIONS                                                  (**)                ......                  (**)

          ;ATOTAL--AGENCY FOR INTERNATIONAL DEVELOPMENT                               340                   108                   232

      OVERSEAS PRIVATE INVESTMENT CORPORATION:

        OVERSEAS PRIVATE INVESTMENT CORPORATION ACCOUNT                               173                     7                   166
        PROPRIETARY RECEIPTS FROM THE PUBLIC                                       ......                ......                ......

          ;ATOTAL--OVERSEAS PRIVATE INVESTMENT CORPORATION                            173                     7                   166

      PEACE CORPS                                                                      26                ......                    26
      OTHER                                                                             9                ......                     9

        ;CTOTAL--INTERNATIONAL DEVELOPMENT ASSISTANCE                                 548                   115                   433

    ;CINTERNATIONAL MONETARY PROGRAMS                                                 146                ......                   146

    MILITARY SALES PROGRAMS:

      FOREIGN MILITARY SALES TRUST FUND                                               875                ......                   875
      OTHER                                                                          (**)                ......                  (**)
      PROPRIETARY RECEIPTS FROM THE PUBLIC                                         ......                 1,090                -1,090
    OTHER                                                                          ......                ......                ......

      ;CTOTAL--INTERNATIONAL ASSISTANCE PROGRAM                                     2,388                 1,246                 1,142

  ;CNATIONAL AERONAUTICS AND SPACE ADMINISTRATION:

    HUMAN SPACE FLIGHT                                                                474                ......                   474
    SCIENCE, AERONAUTICS, AND TECHNOLOGY                                              685                ......                   685
    MISSION SUPPORT                                                                     5                ......                     5
    OTHER                                                                               2                ......                     2

      ;BTOTAL--NATIONAL AERONAUTICS AND SPACE



PAGE  20(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

       ADMINISTRATION                                                               1,166                ......                 1,166

  ;CNATIONAL SCIENCE FOUNDATION:

    RESEARCH AND RELATED ACTIVITIES                                                   408                ......                   408
    EDUCATION AND HUMAN RESOURCES                                                      36                ......                    36
    OTHER                                                                              19                ......                    19

      ;ATOTAL--NATIONAL SCIENCE FOUNDATION                                            464                ......                   464

  OFFICE OF PERSONNEL MANAGEMENT:
    GOVERNMENT PAYMENT FOR ANNUITANTS, EMPLOYEES

     HEALTH AND LIFE INSURANCE BENEFITS                                               572                ......                   572

    PAYMENT TO CIVIL SERVICE RETIREMENT AND

     DISABILITY FUND                                                               ......                ......                ......
    CIVIL SERVICE RETIREMENT AND DISABILITY FUND                                    4,299                ......                 4,299
    EMPLOYEES LIFE INSURANCE FUND                                                     160                   166                    -6
    EMPLOYEES AND RETIRED EMPLOYEES HEALTH BENEFITS FUND                            2,267                 2,152                   115
    OTHER                                                                              16                ......                    16

    INTRABUDGETARY TRANSACTIONS:
      CIVIL SERVICE RETIREMENT AND DISABILITY FUND:

        GENERAL FUND CONTRIBUTIONS                                                 ......                ......                ......
        OTHER                                                                          -3                ......                    -3

      ;ATOTAL--OFFICE OF PERSONNEL MANAGEMENT                                       7,310                 2,317                 4,993

  SMALL BUSINESS ADMINISTRATION:
    PUBLIC ENTERPRISE FUNDS:

      BUSINESS LOAN FUND                                                               -6                    -5                    -1
      DISASTER LOAN FUND                                                                7                     1                     6
      OTHER                                                                             1                     1                  (**)
    OTHER                                                                              53                  (**)                    53
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                ......                ......

      ;ATOTAL--SMALL BUSINESS ADMINISTRATION                                           55                    -4                    58

  SOCIAL SECURITY ADMINISTRATION:

    PAYMENTS TO SOCIAL SECURITY TRUST FUNDS                                         2,872                ......                 2,872



PAGE  21(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
    SPECIAL BENEFITS FOR DISABLED COAL MINERS                                          34                ......                    34
    SUPPLEMENTAL SECURITY INCOME PROGRAM                                            3,010                ......                 3,010

    ;CFEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST FUND
     (OFF-BUDGET):

      BENEFIT PAYMENTS                                                             33,308                ......                33,308
      ADMINISTRATIVE EXPENSES                                                         234                ......                   234
      PAYMENT TO RAILROAD RETIREMENT ACCOUNT                                       ......                ......                ......
      OTHER                                                                        ......                ......                ......

        ;ATOTAL--FOASI TRUST FUND                                                  33,542                ......                33,542

    FEDERAL DISABILITY INSURANCE TRUST FUND
     (OFF-BUDGET):

      BENEFIT PAYMENTS                                                              5,872                ......                 5,872
      ADMINISTRATIVE EXPENSES                                                         139                ......                   139
      PAYMENT TO RAILROAD RETIREMENT ACCOUNT                                       ......                ......                ......
      OTHER                                                                        ......                ......                ......

        ;ATOTAL--FDI TRUST FUND                                                     6,011                ......                 6,011

    OTHER                                                                               4                ......                     4

    PROPRIETARY RECEIPTS FROM THE PUBLIC:

      ON-BUDGET                                                                    ......                   315                  -315
      OFF-BUDGET                                                                   ......                     1                    -1

    INTRABUDGETARY TRANSACTIONS:

      OFF-BUDGET                                                                   -2,872                ......                -2,872

        ;ATOTAL--SOCIAL SECURITY ADMINISTRATION                                    42,601                   316                42,285

  ALLOWANCES                                                                       ......                ......                ......

  OTHER INDEPENDENT AGENCIES:

    APPALACHIAN REGIONAL COMMISSION                                                     7                  (**)                     7
    BROADCASTING BOARD OF GOVERNORS                                                    47                ......                    47
    CORPORATION FOR NATIONAL AND COMMUNITY SERVICE                                     65                ......                    65
    CORPORATION FOR PUBLIC BROADCASTING                                            ......                ......                ......

    DISTRICT OF COLUMBIA:



PAGE  22(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      COURTS                                                                           14                ......                    14
      CORRECTIONS                                                                  ......                ......                ......
      GENERAL AND SPECIAL PAYMENTS                                                     46                     6                    40
      FINANCING                                                                    ......                ......                ......
    EQUAL EMPLOYMENT OPPORTUNITY COMMISSION                                            27                     1                    27
    EXPORT-IMPORT BANK OF THE UNITED STATES                                            46                    62                   -16

    FEDERAL COMMUNICATIONS COMMISSION:

      UNIVERSAL SERVICE FUND                                                          488                ......                   488
      SPECTRUM AUCTION PROGRAM ACCOUNT                                                  1                ......                     1
      OTHER                                                                            11                     3                     8

    ;CFEDERAL DEPOSIT INSURANCE CORPORATION:

      BANK INSURANCE FUND                                                              66                   -36                   102
      SAVINGS ASSOCIATION INSURANCE FUND                                               12                   -24                    36

      FSLIC RESOLUTION FUND:

        RESOLUTION TRUST CORPORATION CLOSEOUT                                           3                     4                    -1
        OTHER                                                                           2                    12                   -10
      OFFICE OF INSPECTOR GENERAL                                                  ......                ......                ......

        ;ATOTAL--FEDERAL DEPOSIT INSURANCE CORPORATION                                 83                   -44                   127

    FEDERAL DRUG CONTROL PROGRAMS                                                      76                ......                    76
    LEGAL SERVICES CORPORATION                                                         28                ......                    28
    NATIONAL ARCHIVES AND RECORDS ADMINISTRATION                                       24                     1                    23
    NATIONAL CREDIT UNION ADMINISTRATION                                               11                   -62                    73
    NATIONAL ENDOWMENT FOR THE ARTS                                                     9                ......                     9
    NATIONAL ENDOWMENT FOR THE HUMANITIES                                               8                ......                     8
    INSTITUTE OF MUSEUM AND LIBRARY SERVICES                                           18                ......                    18
    NATIONAL LABOR RELATIONS BOARD                                                     17                ......                    17
    NUCLEAR REGULATORY COMMISSION                                                      46                     3                    43

    POSTAL SERVICE:

      PUBLIC ENTERPRISE FUNDS (OFF-BUDGET)                                          5,037                 5,600                  -563
      PAYMENTS TO THE POSTAL SERVICE FUND                                            (**)                ......                  (**)

    ;CRAILROAD RETIREMENT BOARD:

      FEDERAL WINDFALL SUBSIDY                                                         10                ......                    10
-


 PAGE  23(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      FEDERAL PAYMENTS TO THE RAILROAD RETIREMENT ACCOUNTS                             84                ......                    84

      RAILROAD UNEMPLOYMENT INSURANCE TRUST FUND:

        BENEFIT PAYMENTS                                                                6                ......                     6
        ADMINISTRATIVE EXPENSES                                                    ......                ......                ......

      RAIL INDUSTRY PENSION FUND:

        BENEFIT PAYMENTS                                                              293                ......                   293
        ADVANCES FROM FOASDI FUND                                                     -97                ......                   -97
        OASDI CERTIFICATIONS                                                           97                ......                    97
        ADMINISTRATIVE EXPENSES                                                         8                ......                     8
        INTEREST ON REFUND OF TAXES                                                  (**)                ......                  (**)

        TRANSFERS TO THE NATIONAL RAILROAD RETIREMENT

         INVESTMENT TRUST                                                          ......                ......                ......
        OTHER                                                                        (**)                ......                  (**)

      NATIONAL RAILROAD RETIREMENT INVESTMENT TRUST:

        BENEFIT PAYMENTS                                                           ......                ......                ......
        ADMINISTRATIVE EXPENSES                                                         1                ......                     1

        TRANSFERS TO THE RAILROAD RETIREMENT TRUST FUNDS FROM

         THE NATIONAL RAILROAD RETIREMENT INVESTMENT TRUST                         ......                ......                ......

      SUPPLEMENTAL ANNUITY PENSION FUND:

        BENEFIT PAYMENTS                                                           ......                ......                ......
        INTEREST ON REFUND OF TAXES                                                ......                ......                ......

        TRANSFERS TO THE NATIONAL RAILROAD RETIREMENT

         INVESTMENT TRUST                                                          ......                ......                ......

      RAILROAD SOCIAL SECURITY EQUIVALENT BENEFIT ACCOUNT:

        BENEFIT PAYMENTS                                                              437                ......                   437
        INTEREST ON REFUND OF TAXES                                                  (**)                ......                  (**)

        TRANSFERS TO THE NATIONAL RAILROAD RETIREMENT

         INVESTMENT TRUST                                                          ......                ......                ......



PAGE  24(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      OTHER                                                                        ......                ......                ......
      PROPRIETARY RECEIPTS FROM THE PUBLIC                                         ......                   250                  -250

      INTRABUDGETARY TRANSACTIONS:
        PAYMENTS FROM OTHER FUNDS TO THE RAILROAD

         RETIREMENT TRUST FUNDS                                                    ......                ......                ......

        PAYMENTS FROM THE RAILROAD RETIREMENT TRUST FUNDS TO

         THE NATIONAL RAILROAD RETIREMENT INVESTMENT TRUST                         ......                ......                ......
        OTHER                                                                         -84                ......                   -84

          ;ATOTAL--RAILROAD RETIREMENT BOARD                                          755                   250                   505

    SECURITIES AND EXCHANGE COMMISSION                                                 35                ......                    35
    SMITHSONIAN INSTITUTION                                                            53                ......                    53
    TENNESSEE VALLEY AUTHORITY                                                      1,096                 1,116                   -20
    OTHER                                                                              94                    18                    76

      ;CTOTAL--OTHER INDEPENDENT AGENCIES                                           8,140                 6,953                 1,187

  ;CUNDISTRIBUTED OFFSETTING RECEIPTS:

    OTHER INTEREST                                                                 ......                ......                ......
    DEPARTMENT OF DEFENSE MEDICARE-ELIGIBLE HEALTH CARE FUND                         -700                ......                  -700

    ;CEMPLOYER SHARE, EMPLOYEE RETIREMENT:
      DEPARTMENT OF HEALTH AND HUMAN SERVICES:
        FEDERAL HOSPITAL INSURANCE TRUST FUND:

          FEDERAL EMPLOYER CONTRIBUTIONS                                             -207                ......                  -207
          POSTAL SERVICE EMPLOYER CONTRIBUTIONS                                       -57                ......                   -57
          PAYMENTS FOR MILITARY SERVICE CREDITS                                    ......                ......                ......

      DEPARTMENT OF STATE:

        FOREIGN SERVICE RETIREMENT AND DISABILITY FUND                                -13                ......                   -13

      OTHER DEFENSE CIVIL PROGRAMS:

        MILITARY RETIREMENT FUND                                                   -1,125                ......                -1,125

      OFFICE OF PERSONNEL MANAGEMENT:

        CIVIL SERVICE RETIREMENT AND DISABILITY FUND                               -1,173                ......                -1,173



PAGE  25(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      SOCIAL SECURITY ADMINISTRATION (OFF-BUDGET):
        FEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST FUND:

          FEDERAL EMPLOYER CONTRIBUTIONS                                             -730                ......                  -730
          PAYMENTS FOR MILITARY SERVICE CREDITS                                    ......                ......                ......

        FEDERAL DISABILITY INSURANCE TRUST FUND:

          FEDERAL EMPLOYER CONTRIBUTIONS                                             -124                ......                  -124
          PAYMENTS FOR MILITARY SERVICE CREDITS                                    ......                ......                ......
      OTHER                                                                        ......                ......                ......

        ;ATOTAL--EMPLOYER SHARE, EMPLOYEE RETIREMENT                               -3,429                ......                -3,429

    INTEREST RECEIVED BY TRUST FUNDS:
      JUDICIAL BRANCH:

        JUDICIAL SURVIVORS ANNUITY FUND                                                -1                ......                    -1

      DEPARTMENT OF HEALTH AND HUMAN SERVICES:

        FEDERAL HOSPITAL INSURANCE TRUST FUND                                          -3                ......                    -3
        FEDERAL SUPPLEMENTARY MEDICAL INSURANCE TRUST FUND                            -12                ......                   -12

      DEPARTMENT OF HOMELAND SECURITY:

        OIL SPILL LIABILITY TRUST FUND                                               (**)                ......                  (**)
        OTHER                                                                        (**)                ......                  (**)

      DEPARTMENT OF LABOR:

        UNEMPLOYMENT TRUST FUND                                                        -7                ......                    -7

      DEPARTMENT OF STATE:

        FOREIGN SERVICE RETIREMENT AND DISABILITY FUND                               (**)                ......                  (**)

      DEPARTMENT OF TRANSPORTATION:

        AIRPORT AND AIRWAY TRUST FUND                                                  -1                ......                    -1
        HIGHWAY TRUST FUND                                                         ......                ......                ......

      DEPARTMENT OF VETERANS AFFAIRS:

        NATIONAL SERVICE LIFE INSURANCE FUND                                         (**)                ......                  (**)



PAGE  26(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         THIS MONTH            THIS MONTH            THIS MONTH
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
        UNITED STATES GOVERNMENT LIFE INSURANCE FUND                                 (**)                ......                  (**)
      CORPS OF ENGINEERS                                                             (**)                ......                  (**)

      OTHER DEFENSE CIVIL PROGRAMS:

        MILITARY RETIREMENT FUND                                                      230                ......                   230
        EDUCATIONAL BENEFITS FUND                                                       1                ......                     1
        ARMED FORCES RETIREMENT HOME                                                 (**)                ......                  (**)
      ENVIRONMENTAL PROTECTION AGENCY                                                  -2                ......                    -2
      NATIONAL AERONAUTICS AND SPACE ADMINISTRATION                                ......                ......                ......

      OFFICE OF PERSONNEL MANAGEMENT:

        CIVIL SERVICE RETIREMENT AND DISABILITY FUND                                   -1                ......                    -1

      SOCIAL SECURITY ADMINISTRATION (OFF-BUDGET):

        FEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST FUND                            -12                ......                   -12
        FEDERAL DISABILITY INSURANCE TRUST FUND                                        -2                ......                    -2

      INDEPENDENT AGENCIES:

        RAILROAD RETIREMENT BOARD                                                      -5                ......                    -5
        OTHER                                                                          -3                ......                    -3
      OTHER                                                                            -2                ......                    -2

        ;ATOTAL--INTEREST RECEIVED BY TRUST FUNDS                                     179                ......                   179

    RENTS AND ROYALTIES ON THE OUTER CONTINENTAL SHELF LANDS                       ......                   387                  -387
    SALE OF MAJOR ASSETS                                                           ......                ......                ......
    SPECTRUM AUCTION PROCEEDS                                                      ......                ......                ......

      ;CTOTAL--UNDISTRIBUTED OFFSETTING RECEIPTS                                   -3,950                   387                -4,337
    ;CTOTAL OUTLAYS                                                               195,438                17,608               177,830

      ;CTOTAL ON-BUDGET                                                           154,588                12,008               142,580
      ;CTOTAL OFF-BUDGET                                                           40,850                 5,601                35,249
    ;CTOTAL SURPLUS (+) OR DEFICIT                                                                                            -54,241
      ;CTOTAL ON-BUDGET                                                           		                		            -58,535
      ;CTOTAL OFF-BUDGET                                                            				                    4,295
-
-
PAGE  27(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
  LEGISLATIVE BRANCH:

    SENATE                                                                            490                     2                   488
    HOUSE OF REPRESENTATIVES                                                          848                     1                   847
    JOINT ITEMS                                                                        72                ......                    72
    CAPITOL POLICE                                                                    105                ......                   105
    CONGRESSIONAL BUDGET OFFICE                                                        25                ......                    25
    ARCHITECT OF THE CAPITOL                                                          331                     8                   322
    LIBRARY OF CONGRESS                                                               473                     6                   467
    GOVERNMENT PRINTING OFFICE                                                        125                ......                   125
    GENERAL ACCOUNTING OFFICE                                                         359                ......                   359
    UNITED STATES TAX COURT                                                            28                ......                    28
    OTHER LEGISLATIVE BRANCH AGENCIES                                                  41                ......                    41
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                     6                    -6
    INTRABUDGETARY TRANSACTIONS                                                        -8                ......                    -8

      ;ATOTAL--LEGISLATIVE BRANCH                                                   2,890                    23                 2,867

  JUDICIAL BRANCH:

    SUPREME COURT OF THE UNITED STATES                                                 41                ......                    41

    COURTS OF APPEALS, DISTRICT COURTS, AND OTHER

     JUDICIAL SERVICES                                                              4,234                ......                 4,234
    OTHER                                                                             180                ......                   180
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                    21                   -21
    INTRABUDGETARY TRANSACTIONS                                                      -256                ......                  -256

      ;ATOTAL--JUDICIAL BRANCH                                                      4,199                    21                 4,178

  ;CDEPARTMENT OF AGRICULTURE:

    AGRICULTURAL RESEARCH SERVICE                                                     914                ......                   914

    COOPERATIVE STATE RESEARCH, EDUCATION, AND
     EXTENSION SERVICE:

      RESEARCH AND EDUCATION ACTIVITIES                                               439                ......                   439
      EXTENSION ACTIVITIES                                                            351                ......                   351
      OTHER                                                                            83                ......                    83
    ANIMAL AND PLANT HEALTH INSPECTION SERVICE                                        967                ......                   967
    FOOD SAFETY AND INSPECTION SERVICE                                                592                ......                   592
    AGRICULTURAL MARKETING SERVICE                                                  1,365                  (**)                 1,365

    RISK MANAGEMENT AGENCY:



PAGE   1(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      ADMINISTRATIVE AND OPERATING EXPENSES                                            61                ......                    61
      FEDERAL CROP INSURANCE CORPORATION FUND                                       3,331                   806                 2,525

    ;CFARM SERVICE AGENCY:

      SALARIES AND EXPENSES                                                           702                ......                   702
      COMMODITY CREDIT CORPORATION                                                 26,961                10,758                16,202
      AGRICULTURAL CREDIT INSURANCE FUND                                              514                   756                  -241
      OTHER                                                                            47                ......                    47

        ;ATOTAL--FARM SERVICE AGENCY                                               28,225                11,514                16,710

    NATURAL RESOURCES CONSERVATION SERVICE:

      CONSERVATION OPERATIONS                                                         625                ......                   625
      OTHER                                                                           957                ......                   957
    RURAL DEVELOPMENT                                                                 617                ......                   617

    RURAL HOUSING SERVICE:

      RURAL HOUSING INSURANCE FUND                                                    925                 1,471                  -546
      RENTAL ASSISTANCE PROGRAM                                                       595                ......                   595
      OTHER                                                                            67                ......                    67

    RURAL UTILITIES SERVICE:

      RURAL ELECTRIFICATION AND TELECOMMUNICATIONS FUND                               710                 2,492                -1,783
      RURAL DEVELOPMENT INSURANCE FUND                                                104                   418                  -314
      OTHER                                                                            66                   235                  -169
    FOREIGN AGRICULTURAL SERVICE                                                      359                ......                   359

    ;CFOOD AND NUTRITION SERVICE:

      FOOD STAMP PROGRAM                                                           21,113                ......                21,113
      CHILD NUTRITION PROGRAMS                                                      9,931                ......                 9,931

      SPECIAL SUPPLEMENTAL NUTRITION PROGRAM FOR

       WOMEN, INFANTS, AND CHILDREN (WIC)                                           3,822                ......                 3,822
      OTHER                                                                           355                ......                   355

        ;ATOTAL--FOOD AND NUTRITION SERVICE                                        35,221                ......                35,221

    FOREST SERVICE:
-


 PAGE   2(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      NATIONAL FOREST SYSTEM                                                        1,056                ......                 1,056
      WILDLAND FIRE MANAGEMENT                                                      1,275                ......                 1,275
      FOREST SERVICE PERMANENT APPROPRIATIONS                                         486                ......                   486
      OTHER                                                                           947                ......                   947

        ;ATOTAL--FOREST SERVICE                                                     3,765                ......                 3,765

    OTHER                                                                             726                    31                   695
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                 1,782                -1,782
    INTRABUDGETARY TRANSACTIONS                                                        -4                ......                    -4

      ;CTOTAL--DEPARTMENT OF AGRICULTURE                                           81,061                18,750                62,311

  ;CDEPARTMENT OF COMMERCE:

    ECONOMIC DEVELOPMENT ADMINISTRATION                                               324                     3                   321
    BUREAU OF THE CENSUS                                                              487                ......                   487
    PROMOTION OF INDUSTRY AND COMMERCE                                                351                ......                   351

    ;CSCIENCE AND TECHNOLOGY:

      NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION                               2,521                    10                 2,510
      NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY                                  585                ......                   585
      OTHER                                                                            45                    24                    21

        ;ATOTAL--SCIENCE AND TECHNOLOGY                                             3,151                    35                 3,116

    OTHER                                                                             170                     2                   168
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                     8                    -8
    INTRABUDGETARY TRANSACTIONS                                                    ......                ......                ......
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                ......                ......

      ;CTOTAL--DEPARTMENT OF COMMERCE                                               4,484                    49                 4,436

  ;CDEPARTMENT OF DEFENSE-MILITARY:
    MILITARY PERSONNEL:

      DEPARTMENT OF THE ARMY                                                       34,573                ......                34,573
      DEPARTMENT OF THE NAVY                                                       29,740                ......                29,740
      DEPARTMENT OF THE AIR FORCE                                                  23,493                ......                23,493

        ;ATOTAL--MILITARY PERSONNEL                                                87,805                ......                87,805

    OPERATION AND MAINTENANCE:
-


 PAGE   3(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      DEPARTMENT OF THE ARMY                                                       33,179                ......                33,179
      DEPARTMENT OF THE NAVY                                                       28,953                ......                28,953
      DEPARTMENT OF THE AIR FORCE                                                  30,569                ......                30,569
      DEFENSE AGENCIES                                                             29,739                ......                29,739

          ;ATOTAL--OPERATION AND MAINTENANCE                                      122,440                ......               122,440

    PROCUREMENT:

      DEPARTMENT OF THE ARMY                                                       10,473                ......                10,473
      DEPARTMENT OF THE NAVY                                                       20,806                ......                20,806
      DEPARTMENT OF THE AIR FORCE                                                  20,880                ......                20,880
      DEFENSE AGENCIES                                                              2,416                ......                 2,416

        ;ATOTAL--PROCUREMENT                                                       54,574                ......                54,574

    RESEARCH, DEVELOPMENT, TEST, AND EVALUATION:

      DEPARTMENT OF THE ARMY                                                        5,818                ......                 5,818
      DEPARTMENT OF THE NAVY                                                       10,122                ......                10,122
      DEPARTMENT OF THE AIR FORCE                                                  15,043                ......                15,043
      DEFENSE AGENCIES                                                             13,695                ......                13,695

        ;ATOTAL--RESEARCH, DEVELOPMENT, TEST, AND EVALUATION                       44,678                ......                44,678

    MILITARY CONSTRUCTION:

      DEPARTMENT OF THE ARMY                                                        1,478                ......                 1,478
      DEPARTMENT OF THE NAVY                                                          920                ......                   920
      DEPARTMENT OF THE AIR FORCE                                                   1,075                ......                 1,075
      DEFENSE AGENCIES                                                              1,169                ......                 1,169

        ;ATOTAL--MILITARY CONSTRUCTION                                              4,642                ......                 4,642

    FAMILY HOUSING:

      DEPARTMENT OF THE ARMY                                                        1,032                ......                 1,032
      DEPARTMENT OF THE NAVY                                                        1,027                ......                 1,027
      DEPARTMENT OF THE AIR FORCE                                                     898                ......                   898
      DEFENSE AGENCIES                                                                 69                     2                    68

    REVOLVING AND MANAGEMENT FUNDS:

      DEPARTMENT OF THE ARMY                                                           29                ......                    29
-



 PAGE   4(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      DEPARTMENT OF THE NAVY                                                          474                ......                   474
      DEPARTMENT OF THE AIR FORCE                                                  ......                ......                ......

      DEFENSE AGENCIES:

        WORKING CAPITAL FUND                                                          626                ......                   626
        OTHER                                                                        -288                  (**)                  -288
    OTHER                                                                             -60                ......                   -60

    TRUST FUNDS:

      DEPARTMENT OF THE ARMY                                                           18                ......                    18
      DEPARTMENT OF THE NAVY                                                           29                ......                    29
      DEPARTMENT OF THE AIR FORCE                                                      21                     5                    16
      DEFENSE AGENCIES                                                                 76                ......                    76

    PROPRIETARY RECEIPTS FROM THE PUBLIC:

      DEPARTMENT OF THE ARMY                                                       ......                    11                   -11
      DEPARTMENT OF THE NAVY                                                       ......                  -184                   184
      DEPARTMENT OF THE AIR FORCE                                                  ......                   496                  -496
      DEFENSE AGENCIES                                                             ......                   666                  -666

    INTRABUDGETARY TRANSACTIONS:

      DEPARTMENT OF THE ARMY                                                          283                ......                   283
      DEPARTMENT OF THE NAVY                                                          327                ......                   327
      DEPARTMENT OF THE AIR FORCE                                                     345                ......                   345
      DEFENSE AGENCIES                                                                101                ......                   101

    OFFSETTING GOVERNMENTAL RECEIPTS:

      DEPARTMENT OF THE ARMY                                                       ......                     7                    -7
      DEFENSE AGENCIES                                                             ......                  (**)                  (**)

        ;CTOTAL--DEPARTMENT OF DEFENSE--MILITARY                                  319,145                 1,004               318,142

  ;CDEPARTMENT OF EDUCATION:
    OFFICE OF ELEMENTARY AND SECONDARY EDUCATION:

      EDUCATION FOR THE DISADVANTAGED                                               9,865                ......                 9,865
      IMPACT AID                                                                    1,061                ......                 1,061
      SCHOOL IMPROVEMENT PROGRAMS                                                   5,377                ......                 5,377
      EDUCATION REFORM                                                                504                ......                   504
      OTHER                                                                           276                ......                   276
-


 PAGE   5(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

        ;ATOTAL--OFFICE OF ELEMENTARY AND SECONDARY EDUCATION                      17,083                ......                17,083

    OFFICE OF ENGLISH LANGUAGE ACQUISITION                                            480                ......                   480

    OFFICE OF SPECIAL EDUCATION AND REHABILITATIVE SERVICES:

      SPECIAL EDUCATION                                                             7,304                ......                 7,304
      REHABILITATION SERVICES AND DISABILITY RESEARCH                               2,412                ......                 2,412
      SPECIAL INSTITUTIONS FOR PERSONS WITH DISABILITIES                              142                ......                   142
    OFFICE OF VOCATIONAL AND ADULT EDUCATION                                        1,667                ......                 1,667

    ;COFFICE OF POSTSECONDARY EDUCATION:

      COLLEGE HOUSING AND ACADEMIC FACILITIES LOANS                                   -14                    30                   -45
      HIGHER EDUCATION                                                              1,592                ......                 1,592
      HOWARD UNIVERSITY                                                               194                ......                   194

        ;ATOTAL--OFFICE OF POSTSECONDARY EDUCATION                                  1,772                    30                 1,742

    FEDERAL STUDENT AID:

      STUDENT FINANCIAL ASSISTANCE                                                 10,469                ......                10,469
      STUDENT AID ADMINISTRATION                                                       30                ......                    30
      FEDERAL STUDENT LOAN RESERVE FUND                                            ......                ......                ......
      FEDERAL DIRECT STUDENT LOANS                                                  4,963                ......                 4,963
      FEDERAL FAMILY EDUCATION LOANS                                                  156                ......                   156

        ;ATOTAL--FEDERAL STUDENT AID                                               15,619                ......                15,619

    INSTITUTE OF EDUCATION SCIENCES                                                   472                ......                   472
    DEPARTMENTAL MANAGEMENT                                                           453                ......                   453
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                    34                   -34

      ;CTOTAL--DEPARTMENT OF EDUCATION                                             47,404                    64                47,340

  ;CDEPARTMENT OF ENERGY:
    NATIONAL NUCLEAR SECURITY ADMINISTRATION:

      NAVAL REACTORS                                                                  584                ......                   584
      WEAPONS ACTIVITIES                                                            4,821                ......                 4,821
      DEFENSE NUCLEAR NONPROLIFERATION                                                785                ......                   785
      OTHER                                                                           341                ......                   341

    ENVIRONMENTAL AND OTHER DEFENSE ACTIVITIES:
-


 PAGE   6(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      DEFENSE ENVIRONMENTAL RESTORATION AND

       WASTE MANAGEMENT                                                             4,450                ......                 4,450
      DEFENSE SITE ACCELERATION COMPLETION                                          1,018                ......                 1,018
      OTHER DEFENSE ACTIVITIES                                                        458                ......                   458
      OTHER                                                                           366                ......                   366

    ;CENERGY PROGRAMS:

      SCIENCE                                                                       2,752                ......                 2,752
      ENERGY SUPPLY                                                                   465                ......                   465
      ENERGY CONSERVATION                                                             737                ......                   737
      OTHER                                                                         1,503                    20                 1,483

        ;ATOTAL--ENERGY PROGRAMS                                                    5,458                    20                 5,438

    POWER MARKETING ADMINISTRATION                                                  1,867                 2,350                  -483
    DEPARTMENTAL ADMINISTRATION                                                       196                ......                   196
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                 1,147                -1,147
    INTRABUDGETARY TRANSACTIONS                                                      -398                ......                  -398
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                ......                ......

      ;CTOTAL--DEPARTMENT OF ENERGY                                                19,946                 3,516                16,430

  ;CDEPARTMENT OF HEALTH AND HUMAN SERVICES:
    PUBLIC HEALTH SERVICE:

      FOOD AND DRUG ADMINISTRATION                                                  1,261                     5                 1,257
      HEALTH RESOURCES AND SERVICES ADMINISTRATION                                  5,058                    17                 5,041
      INDIAN HEALTH SERVICES                                                        2,636                ......                 2,636
      CENTERS FOR DISEASE CONTROL AND PREVENTION                                    3,798                ......                 3,798
      NATIONAL INSTITUTES OF HEALTH                                                18,672                ......                18,672
      SUBSTANCE ABUSE AND MENTAL HEALTH SERVICES ADMINISTRATION                     2,548                ......                 2,548
      AGENCY FOR HEALTHCARE RESEARCH AND QUALITY                                      187                ......                   187

        ;CTOTAL--PUBLIC HEALTH SERVICE                                             34,161                    22                34,139

    ;CCENTERS FOR MEDICARE AND MEDICAID SERVICES:

      GRANTS TO STATES FOR MEDICAID                                               133,091                ......               133,091
      PAYMENTS TO HEALTH CARE TRUST FUNDS                                          76,748                ......                76,748
      STATE CHILDREN'S HEALTH INSURANCE FUND                                        3,497                ......                 3,497

      ;CFEDERAL HOSPITAL INSURANCE TRUST FUND:

        BENEFIT PAYMENTS                                                          125,677                ......               125,677



PAGE   7(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
        ADMINISTRATIVE EXPENSES                                                     1,276                ......                 1,276

          ;ATOTAL--FHI TRUST FUND                                                 126,952                ......               126,952

      HEALTH CARE FRAUD AND ABUSE CONTROL                                             808                ......                   808

      ;CFEDERAL SUPPLEMENTARY MEDICAL INSURANCE TRUST FUND:

        BENEFIT PAYMENTS                                                          101,227                ......               101,227
        ADMINISTRATIVE EXPENSES                                                     1,871                ......                 1,871

          ;ATOTAL--FSMI TRUST FUND                                                103,099                ......               103,099

      OTHER                                                                           -50                ......                   -50

        ;CTOTAL--CENTERS FOR MEDICARE AND MEDICAID SERVICES                       444,145                ......               444,145

    ;CADMINISTRATION FOR CHILDREN AND FAMILIES:

      TEMPORARY ASSISTANCE FOR NEEDY FAMILIES                                      16,585                ......                16,585

      PAYMENTS TO STATES FOR CHILD SUPPORT ENFORCEMENT

       AND FAMILY SUPPORT PROGRAMS                                                  3,055                ......                 3,055
      LOW INCOME HOME ENERGY ASSISTANCE                                             1,885                ......                 1,885
      REFUGEE AND ENTRANT ASSISTANCE                                                  355                ......                   355
      CHILD CARE ENTITLEMENT TO STATES                                              2,466                ......                 2,466

      PAYMENTS TO STATES FOR THE CHILD CARE

       AND DEVELOPMENT BLOCK GRANT                                                  1,974                ......                 1,974
      SOCIAL SERVICES BLOCK GRANT                                                   1,465                ......                 1,465
      CHILDREN AND FAMILIES SERVICES PROGRAMS                                       7,107                ......                 7,107
      PAYMENTS TO STATES FOR FOSTER CARE AND ADOPTION ASSISTANCE                    5,140                ......                 5,140
      OTHER                                                                           308                ......                   308

        ;ATOTAL--ADMINISTRATION FOR CHILDREN AND FAMILIES                          40,339                ......                40,339

    ADMINISTRATION ON AGING                                                         1,045                ......                 1,045
    OTHER                                                                           1,921                ......                 1,921
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                24,407               -24,407

    INTRABUDGETARY TRANSACTIONS:
      PAYMENTS FOR HEALTH INSURANCE FOR THE AGED:

        FEDERAL SUPPLEMENTARY MEDICAL INSURANCE TRUST FUND                        -69,690                ......               -69,690



PAGE   8(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      PAYMENTS FOR TAX AND OTHER CREDITS:

        FEDERAL HOSPITAL INSURANCE TRUST FUND                                      -7,059                ......                -7,059
        OTHER                                                                      ......                ......                ......

      ;CTOTAL--DEPARTMENT OF HEALTH AND HUMAN SERVICES                            444,863                24,429               420,433

  ;CDEPARTMENT OF HOMELAND SECURITY:

    CITIZENSHIP AND IMMIGRATION SERVICES                                            1,105                ......                 1,105
    UNITED STATES SECRET SERVICE                                                      929                ......                   929

    ;CBORDER AND TRANSPORTATION SECURITY:

      TRANSPORTATION SECURITY ADMINISTRATION                                        7,015                ......                 7,015
      OTHER                                                                         6,954                ......                 6,954

        ;ATOTAL--BORDER AND TRANSPORTATION SECURITY                                13,968                ......                13,968

    UNITED STATES COAST GUARD                                                       5,037                     7                 5,030

    ;CEMERGENCY PREPAREDNESS AND RESPONSE:

      DISASTER RELIEF                                                               6,492                ......                 6,492
      NATIONAL FLOOD INSURANCE FUND                                                   313                   808                  -495
      OTHER                                                                         1,033                     1                 1,033

        ;ATOTAL--EMERGENCY PREPAREDNESS AND RESPONSE                                7,838                   808                 7,030

    SCIENCE AND TECHNOLOGY                                                             37                ......                    37
    INFORMATION ANALYSIS AND INFRASTRUCTURE PROTECTION                                 15                ......                    15
    OTHER                                                                              52                ......                    52
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                     4                    -4
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                 2,691                -2,691

      ;CTOTAL--DEPARTMENT OF HOMELAND SECURITY                                     28,980                 3,510                25,469

  ;CDEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
    PUBLIC AND INDIAN HOUSING PROGRAMS:

      HOUSING CERTIFICATE FUND                                                     17,352                ......                17,352
      PUBLIC HOUSING CAPITAL FUND                                                   3,145                ......                 3,145
      PUBLIC HOUSING OPERATING FUND                                                 2,820                ......                 2,820
      DRUG ELIMINATION GRANTS FOR LOW-INCOME HOUSING                                  199                ......                   199
-


 
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      REVITALIZATION OF SEVERELY DISTRESSED

       PUBLIC HOUSING (HOPE VI)                                                       450                ......                   450
      NATIVE AMERICAN HOUSING BLOCK GRANT                                             598                ......                   598
      OTHER                                                                           166                   154                    12

        ;ATOTAL--PUBLIC AND INDIAN HOUSING PROGRAMS                                24,730                   154                24,575

    COMMUNITY PLANNING AND DEVELOPMENT:

      HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS                                     212                ......                   212
      COMMUNITY DEVELOPMENT BLOCK GRANTS                                            4,644                ......                 4,644
      HOME INVESTMENT PARTNERSHIP PROGRAM                                           1,376                ......                 1,376
      HOMELESS ASSISTANCE GRANTS                                                      901                ......                   901
      OTHER                                                                           135                     4                   131

        ;ATOTAL--COMMUNITY PLANNING AND DEVELOPMENT                                 7,268                     4                 7,264

    HOUSING PROGRAMS:

      PUBLIC ENTERPRISE FUNDS                                                          18                    27                    -9

      CREDIT ACCOUNTS:

        FHA-MUTUAL MORTGAGE INSURANCE FUND, PROGRAM ACCOUNT                         2,734                ......                 2,734
        FHA-MUTUAL MORTGAGE INSURANCE CAPITAL RESERVE ACCOUNT                      -4,552                ......                -4,552

        FHA-MUTUAL MORTGAGE AND COOPERATIVE HOUSING

         INSURANCE FUND, LIQUIDATING ACCOUNT                                          194                   166                    29
        FHA-GENERAL AND SPECIAL RISK FUND, PROGRAM ACCOUNT                          1,400                ......                 1,400
        FHA-GENERAL AND SPECIAL RISK FUND, LIQUIDATING ACCOUNT                        928                   346                   582

        HOUSING FOR THE ELDERLY OR HANDICAPPED FUND,

         LIQUIDATING ACCOUNT                                                          236                   692                  -456
      HOUSING FOR THE ELDERLY AND HANDICAPPED                                         804                ......                   804
      OTHER ASSISTED HOUSING PROGRAMS                                                 541                  (**)                   541
      OTHER                                                                             7                ......                     7

        ;ATOTAL--HOUSING PROGRAMS                                                   2,309                 1,231                 1,078

    GOVERNMENT NATIONAL MORTGAGE ASSOCIATION:

      GUARANTEES OF MORTGAGE-BACKED SECURITIES, PROGRAM ACCOUNT                    ......                ......                ......



PAGE  10(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      GUARANTEES OF MORTGAGE-BACKED SECURITIES, LIQUIDATING ACCOUNT                    58                   303                  -246
    MANAGEMENT AND ADMINISTRATION                                                     637                ......                   637
    OTHER                                                                             146                ......                   146

    PROPRIETARY RECEIPTS FROM THE PUBLIC:

      FHA-MUTUAL MORTGAGE INSURANCE FUND                                           ......                ......                ......
      FHA-GENERAL AND SPECIAL RISK FUND                                            ......                 1,304                -1,304
      OTHER                                                                        ......                    -8                     8

    INTRABUDGETARY TRANSACTIONS:

      FHA-MUTUAL MORTGAGE INSURANCE FUND                                           ......                ......                ......
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                    38                   -38

      ;CTOTAL--DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT                         35,148                 3,027                32,121

  ;CDEPARTMENT OF THE INTERIOR:
    LAND AND MINERALS MANAGEMENT:
      BUREAU OF LAND MANAGEMENT:

        MANAGEMENT OF LANDS AND RESOURCES                                             668                ......                   668
        WILDLAND FIRE MANAGEMENT                                                      545                ......                   545
        OTHER                                                                         503                    82                   420
      MINERALS MANAGEMENT SERVICE                                                     317                ......                   317
      OFFICE OF SURFACE MINING RECLAMATION AND ENFORCEMENT                            325                ......                   325

        ;ATOTAL--LAND AND MINERALS MANAGEMENT                                       2,358                    82                 2,276

    WATER AND SCIENCE:
      BUREAU OF RECLAMATION:

        WATER AND RELATED RESOURCES                                                   563                ......                   563
        OTHER                                                                         338                   206                   132
      UNITED STATES GEOLOGICAL SURVEY                                                 780                ......                   780
      OTHER                                                                            31                ......                    31

        ;ATOTAL--WATER AND SCIENCE                                                  1,712                   206                 1,506

    FISH AND WILDLIFE AND PARKS:

      UNITED STATES FISH AND WILDLIFE SERVICE                                       1,528                ......                 1,528
      NATIONAL PARK SERVICE                                                         1,970                     1                 1,969

        ;ATOTAL--FISH AND WILDLIFE AND PARKS                                        3,499                     1                 3,497
-


 PAGE  11(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

    BUREAU OF INDIAN AFFAIRS                                                        1,891                     4                 1,887

    DEPARTMENTAL OFFICES:

      INSULAR AFFAIRS                                                                 247                ......                   247

      OFFICE OF SPECIAL TRUSTEE FOR

       AMERICAN INDIANS                                                               466                ......                   466
      OTHER                                                                           274                ......                   274
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                 2,724                -2,724
    INTRABUDGETARY TRANSACTIONS                                                      -177                ......                  -177

      ;CTOTAL--DEPARTMENT OF THE INTERIOR                                          10,271                 3,019                 7,252

  ;CDEPARTMENT OF JUSTICE:

    GENERAL ADMINISTRATION                                                          1,179                ......                 1,179

    LEGAL ACTIVITIES AND UNITED STATES MARSHALS:

      GENERAL LEGAL ACTIVITIES                                                        544                ......                   544
      UNITED STATES ATTORNEYS                                                       1,220                ......                 1,220
      UNITED STATES MARSHALS SERVICE                                                  476                ......                   476
      SEPTEMBER 11TH VICTIM COMPENSATION                                              481                ......                   481
      OTHER                                                                           850                ......                   850
    FEDERAL BUREAU OF INVESTIGATION                                                 3,189                ......                 3,189
    DRUG ENFORCEMENT ADMINISTRATION                                                 1,292                ......                 1,292
    BUREAU OF ALCOHOL, TOBACCO, FIREARMS, AND EXPLOSIVES                              307                ......                   307
    FEDERAL PRISON SYSTEM                                                           3,931                   189                 3,742

    OFFICE OF JUSTICE PROGRAMS:

      STATE AND LOCAL LAW ENFORCEMENT ASSISTANCE                                    1,619                ......                 1,619
      COMMUNITY ORIENTED POLICING SERVICES                                            928                ......                   928
      OTHER                                                                         1,146                ......                 1,146
    OTHER                                                                             562                ......                   562
    INTRABUDGETARY TRANSACTIONS                                                      -158                ......                  -158
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                    46                   -46

      ;ATOTAL--DEPARTMENT OF JUSTICE                                               17,566                   236                17,330

  DEPARTMENT OF LABOR:
    EMPLOYMENT AND TRAINING ADMINISTRATION:
-


 PAGE  12(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      TRAINING AND EMPLOYMENT SERVICES                                              5,012                ......                 5,012
      WELFARE TO WORK JOBS                                                            252                ......                   252
      COMMUNITY SERVICE EMPLOYMENT FOR OLDER AMERICANS                                379                ......                   379
      FEDERAL UNEMPLOYMENT BENEFITS AND ALLOWANCES                                    463                ......                   463

      STATE UNEMPLOYMENT INSURANCE AND EMPLOYMENT

       SERVICE OPERATIONS                                                             132                ......                   132

      ADVANCES TO THE UNEMPLOYMENT TRUST FUND AND

       OTHER FUNDS                                                                      7                ......                     7

      ;CUNEMPLOYMENT TRUST FUND:
        FEDERAL-STATE UNEMPLOYMENT INSURANCE:

          STATE UNEMPLOYMENT BENEFITS                                              46,089                ......                46,089
        STATE ADMINISTRATIVE EXPENSES                                               3,068                ......                 3,068
        FEDERAL ADMINISTRATIVE EXPENSES                                               258                ......                   258
        VETERANS EMPLOYMENT AND TRAINING                                             (**)                ......                  (**)
        REPAYMENT OF ADVANCES FROM THE GENERAL FUND                                ......                ......                ......
        OTHER                                                                           4                ......                     4

          ;ATOTAL--UNEMPLOYMENT TRUST FUND                                         49,420                ......                49,420

      OTHER                                                                           133                ......                   133

        ;CTOTAL--EMPLOYMENT AND TRAINING ADMINISTRATION                            55,797                ......                55,797

    ;CPENSION BENEFIT GUARANTY CORPORATION                                          1,971                 2,138                  -167

    EMPLOYMENT STANDARDS ADMINISTRATION:

      SALARIES AND EXPENSES                                                           311                ......                   311
      SPECIAL BENEFITS                                                                525                ......                   525
      BLACK LUNG DISABILITY TRUST FUND                                                353                ......                   353
      OTHER                                                                           452                ......                   452
    OCCUPATIONAL SAFETY AND HEALTH ADMINISTRATION                                     382                ......                   382
    BUREAU OF LABOR STATISTICS                                                        362                ......                   362
    OTHER                                                                             628                ......                   628
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                     5                    -5
    INTRABUDGETARY TRANSACTIONS                                                      -504                ......                  -504

      ;CTOTAL--DEPARTMENT OF LABOR                                                 60,278                 2,144                58,134
-


 PAGE  13(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

  ;CDEPARTMENT OF STATE:
    ADMINISTRATION OF FOREIGN AFFAIRS:

      DIPLOMATIC AND CONSULAR PROGRAMS                                              3,106                ......                 3,106
      EMBASSY SECURITY, CONSTRUCTION, AND MAINTENANCE                                 745                ......                   745

      PAYMENT TO FOREIGN SERVICE RETIREMENT AND

       DISABILITY FUND                                                                138                ......                   138
      FOREIGN SERVICE RETIREMENT AND DISABILITY FUND                                  519                ......                   519
      OTHER                                                                           567                ......                   567

        ;ATOTAL--ADMINISTRATION OF FOREIGN AFFAIRS                                  5,075                ......                 5,075

    INTERNATIONAL ORGANIZATIONS AND CONFERENCES                                     1,691                ......                 1,691
    MIGRATION AND REFUGEE ASSISTANCE                                                  593                ......                   593
    INTERNATIONAL NARCOTICS CONTROL AND LAW ENFORCEMENT                               306                ......                   306
    ANDEAN COUNTERDRUG INITIATIVE                                                     356                ......                   356
    OTHER                                                                              96                ......                    96
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                  (**)                  (**)
    INTRABUDGETARY TRANSACTIONS                                                      -184                ......                  -184
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                ......                ......

      ;CTOTAL--DEPARTMENT OF STATE                                                  7,934                  (**)                 7,934

  ;CDEPARTMENT OF TRANSPORTATION:
    OFFICE OF THE SECRETARY:

      COMPENSATION FOR AIR CARRIERS                                                    84                ......                    84
      OTHER                                                                           118                ......                   118

        ;ATOTAL--OFFICE OF THE SECRETARY                                              202                ......                   202

    FEDERAL AVIATION ADMINISTRATION:

      OPERATIONS                                                                    2,459                ......                 2,459

      ;CAIRPORT AND AIRWAY TRUST FUND:

        GRANTS-IN-AID FOR AIRPORTS                                                  2,093                ......                 2,093
        FACILITIES AND EQUIPMENT                                                    2,120                ......                 2,120
        RESEARCH, ENGINEERING, AND DEVELOPMENT                                        147                ......                   147
        TRUST FUND SHARE OF FAA OPERATIONS                                          3,348                ......                 3,348

          ;ATOTAL--AIRPORT AND AIRWAY TRUST FUND                                    7,709                ......                 7,709



PAGE  14(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      OTHER                                                                           -42                   103                  -144

        ;CTOTAL--FEDERAL AVIATION ADMINISTRATION                                   10,126                   103                10,023

    ;CFEDERAL HIGHWAY ADMINISTRATION:
      HIGHWAY TRUST FUND:

        FEDERAL-AID HIGHWAYS                                                       23,580                ......                23,580
        OTHER                                                                         280                ......                   280
      OTHER PROGRAMS                                                                  189                ......                   189

        ;ATOTAL--FEDERAL HIGHWAY ADMINISTRATION                                    24,049                ......                24,049

    NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION                                    342                ......                   342

    ;CFEDERAL RAILROAD ADMINISTRATION:
      CAPITAL GRANTS TO THE NATIONAL RAILROAD PASSENGER

       CORPORATION                                                                    893                ......                   893
      OTHER                                                                           155                     6                   150

        ;ATOTAL--FEDERAL RAILROAD ADMINISTRATION                                    1,048                     6                 1,043

    FEDERAL TRANSIT ADMINISTRATION:

      FORMULA GRANTS                                                                 -517                ......                  -517
      DISCRETIONARY GRANTS                                                            255                ......                   255
      TRUST FUND SHARE OF EXPENSES                                                  6,670                ......                 6,670
      OTHER                                                                        -2,943                ......                -2,943

        ;ATOTAL--FEDERAL TRANSIT ADMINISTRATION                                     3,465                ......                 3,465

    MARITIME ADMINISTRATION                                                           275                    33                   241
    OTHER                                                                             483                    10                   473
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                   150                  -150
    INTRABUDGETARY TRANSACTIONS                                                        -3                ......                    -3
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                    56                   -56

      ;CTOTAL--DEPARTMENT OF TRANSPORTATION                                        39,987                   358                39,629

  ;CDEPARTMENT OF THE TREASURY:
    DEPARTMENTAL OFFICES:

      EXCHANGE STABILIZATION FUND                                                    -646                   107                  -752
-



PAGE  15(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      OTHER                                                                           931                ......                   931

    ;CFINANCIAL MANAGEMENT SERVICE:

      SALARIES AND EXPENSES                                                           203                ......                   203
      TEMPORARY STATE FISCAL RELIEF FUND                                            4,701                ......                 4,701
      PAYMENT TO THE RESOLUTION FUNDING CORPORATION                                 1,717                ......                 1,717
      INTEREST PAID TO CREDIT FINANCING ACCOUNTS                                      -10                ......                   -10
      CLAIMS, JUDGEMENTS, AND RELIEF ACTS                                             968                ......                   968
      OTHER                                                                         1,165                ......                 1,165

        ;ATOTAL--FINANCIAL MANAGEMENT SERVICE                                       8,744                ......                 8,744

    FEDERAL FINANCING BANK                                                          1,727                ......                 1,727

    BUREAU OF ALCOHOL AND TOBACCO TAX AND TRADE BUREAU:

      SALARIES AND EXPENSES                                                           415                ......                   415
      INTERNAL REVENUE COLLECTIONS FOR PUERTO RICO                                    297                ......                   297
    BUREAU OF ENGRAVING AND PRINTING                                                  -50                ......                   -50
    UNITED STATES MINT                                                                682                   697                   -15
    BUREAU OF THE PUBLIC DEBT                                                         251                ......                   251

    ;CINTERNAL REVENUE SERVICE:

      PROCESSING, ASSISTANCE, AND MANAGEMENT                                        3,247                ......                 3,247
      TAX LAW ENFORCEMENT                                                           2,946                ......                 2,946
      INFORMATION SYSTEMS                                                           1,343                ......                 1,343
      PAYMENT WHERE EARNED INCOME CREDIT EXCEEDS LIABILITY FOR TAX                 31,661                ......                31,661
      PAYMENT WHERE CHILD CREDIT EXCEEDS LIABILITY FOR TAX                          6,291                ......                 6,291

      REFUNDING INTERNAL REVENUE COLLECTIONS,

       INTEREST                                                                     2,525                ......                 2,525
      OTHER                                                                           439                     6                   433

        ;ATOTAL--INTERNAL REVENUE SERVICE                                          48,452                     6                48,446

    COMPTROLLER OF THE CURRENCY                                                       349                   454                  -105
    OFFICE OF THRIFT SUPERVISION                                                      120                   137                   -17

    ;CINTEREST ON THE PUBLIC DEBT:
      INTEREST ON TREASURY DEBT SECURITIES (GROSS):

        PUBLIC ISSUES (ACCRUAL BASIS)                                             130,229                ......               130,229
-


 PAGE  16(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
        SPECIAL ISSUES (CASH BASIS)                                               158,574                ......               158,574

          ;ATOTAL--INTEREST ON TREASURY DEBT SECURITIES (GROSS)                   288,803                ......               288,803
            TOTAL--INTEREST ON THE PUBLIC DEBT                                    288,803                ......               288,803

    ;COTHER                                                                           110                ......                   110
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                 1,634                -1,634
    INTRABUDGETARY TRANSACTIONS                                                    -3,176                ......                -3,176

      ;CTOTAL--DEPARTMENT OF THE TREASURY                                         347,008                 3,035               343,973

  ;CDEPARTMENT OF VETERANS AFFAIRS:
    VETERANS HEALTH ADMINISTRATION:

      MEDICAL CARE                                                                 20,072                ......                20,072
      OTHER                                                                           593                   226                   367

    ;CVETERANS BENEFITS ADMINISTRATION:
      PUBLIC ENTERPRISE FUNDS:

        VETERANS HOUSING BENEFIT PROGRAM FUND                                       1,308                    55                 1,253
        OTHER                                                                         693                   680                    13
      COMPENSATION AND PENSIONS                                                    23,185                ......                23,185
      READJUSTMENT BENEFITS                                                         2,066                ......                 2,066

      INSURANCE FUNDS:

        NATIONAL SERVICE LIFE                                                         964                ......                   964
        UNITED STATES GOVERNMENT LIFE                                                   8                ......                     8
        VETERANS SPECIAL LIFE                                                         105                   169                   -64
      OTHER                                                                            29                ......                    29

        ;ATOTAL--VETERANS BENEFITS ADMINISTRATION                                  28,357                   903                27,454

    CONSTRUCTION                                                                      357                  (**)                   356
    DEPARTMENTAL ADMINISTRATION                                                       943                ......                   943

    PROPRIETARY RECEIPTS FROM THE PUBLIC:

      NATIONAL SERVICE LIFE                                                        ......                   143                  -143
      OTHER                                                                        ......                 2,303                -2,303
    INTRABUDGETARY TRANSACTIONS                                                        -1                ......                    -1

      ;CTOTAL--DEPARTMENT OF VETERANS AFFAIRS                                      50,322                 3,575                46,747

  ;CCORPS OF ENGINEERS:



PAGE  17(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

    CONSTRUCTION                                                                    1,393                ......                 1,393
    OPERATION AND MAINTENANCE                                                       1,125                ......                 1,125
    FLOOD CONTROL                                                                     270                ......                   270
    RIVERS AND HARBORS CONTRIBUTED FUNDS                                              359                ......                   359
    HARBOR MAINTENANCE TRUST FUND                                                     554                ......                   554
    OTHER                                                                             772                ......                   772
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                   466                  -466
    INTRABUDGETARY TRANSACTIONS                                                       -10                ......                   -10

      ;ATOTAL--CORPS OF ENGINEERS                                                   4,463                   466                 3,998

  OTHER DEFENSE CIVIL PROGRAMS:
    MILITARY RETIREMENT:

      PAYMENT TO MILITARY RETIREMENT FUND                                          17,928                ......                17,928
      MILITARY RETIREMENT FUND                                                     29,617                ......                29,617

    RETIREE HEALTH CARE:
      PAYMENT TO UNIFORMED SERVICES RETIREE

       HEALTH CARE FUND                                                            14,369                ......                14,369
      UNIFORMED SERVICES RETIREE HEALTH CARE FUND                                   3,733                ......                 3,733
    EDUCATIONAL BENEFITS                                                              233                ......                   233
    OTHER                                                                             163                ......                   163
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                    16                   -16
    INTRABUDGETARY TRANSACTIONS                                                   -32,671                ......               -32,671

      ;ATOTAL--OTHER DEFENSE CIVIL PROGRAMS                                        33,371                    16                33,355

  ENVIRONMENTAL PROTECTION AGENCY:

    SCIENCE AND TECHNOLOGY                                                            591                ......                   591
    ENVIRONMENTAL PROGRAMS AND MANAGEMENT                                           1,826                ......                 1,826
    STATE AND TRIBAL ASSISTANCE GRANTS                                              3,012                ......                 3,012
    HAZARDOUS SUBSTANCE SUPERFUND                                                   1,147                ......                 1,147
    OTHER                                                                             743                    23                   721
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                   124                  -124
    INTRABUDGETARY TRANSACTIONS                                                      -632                ......                  -632
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                    10                   -10

      ;ATOTAL--ENVIRONMENTAL PROTECTION AGENCY                                      6,686                   157                 6,529

  EXECUTIVE OFFICE OF THE PRESIDENT:
    COMPENSATION OF THE PRESIDENT AND THE
-


 PAGE  18(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

     WHITE HOUSE OFFICE                                                                43                ......                    43
    OFFICE OF MANAGEMENT AND BUDGET                                                    58                ......                    58
    OFFICE OF NATIONAL DRUG CONTROL POLICY                                             22                ......                    22
    EMERGENCY RESPONSE FUND                                                        ......                ......                ......
    OTHER                                                                             155                ......                   155

      ;ATOTAL--EXECUTIVE OFFICE OF THE PRESIDENT                                      277                ......                   277

  GENERAL SERVICES ADMINISTRATION:

    REAL PROPERTY ACTIVITIES                                                         -268                ......                  -268
    SUPPLY AND TECHNOLOGY ACTIVITIES                                                   81                ......                    81
    GENERAL ACTIVITIES                                                                801                ......                   801
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                     5                    -5

      ;ATOTAL--GENERAL SERVICES ADMINISTRATION                                        614                     5                   609

  INTERNATIONAL ASSISTANCE PROGRAM:
    INTERNATIONAL SECURITY ASSISTANCE:

      FOREIGN MILITARY LOAN PROGRAM                                                   146                   473                  -327
      FOREIGN MILITARY FINANCING PROGRAM                                            5,584                ......                 5,584
      ECONOMIC SUPPORT FUND                                                         3,126                ......                 3,126
      OTHER                                                                           497                ......                   497
      PROPRIETARY RECEIPTS FROM THE PUBLIC                                         ......                   522                  -522

        ;ATOTAL--INTERNATIONAL SECURITY ASSISTANCE                                  9,354                   995                 8,358

    MULTILATERAL ASSISTANCE:
      CONTRIBUTION TO THE INTERNATIONAL DEVELOPMENT

       ASSOCIATION                                                                    928                ......                   928
      INTERNATIONAL ORGANIZATIONS AND PROGRAMS                                         46                ......                    46
      OTHER                                                                           873                ......                   873
      PROPRIETARY RECEIPTS FROM THE PUBLIC                                         ......                ......                ......

        ;ATOTAL--MULTILATERAL ASSISTANCE                                            1,847                ......                 1,847

    INTERNATIONAL DEVELOPMENT ASSISTANCE:
      AGENCY FOR INTERNATIONAL DEVELOPMENT:

        ECONOMIC ASSISTANCE LOANS                                                       5                   669                  -665
        SUSTAINABLE DEVELOPMENT ASSISTANCE PROGRAM                                  1,067                ......                 1,067
        CHILD SURVIVAL AND DISEASE PROGRAMS                                         1,102                ......                 1,102
-


 PAGE  19(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

        ASSISTANCE FOR THE INDEPENDENT STATES OF

         THE FORMER SOVIET UNION                                                      500                ......                   500
        OPERATING EXPENSES                                                            473                ......                   473

        PAYMENT TO THE FOREIGN SERVICE RETIREMENT

         AND DISABILITY FUND                                                           45                ......                    45
        OTHER                                                                         742                    43                   699
        PROPRIETARY RECEIPTS FROM THE PUBLIC                                       ......                  (**)                  (**)
        INTRABUDGETARY TRANSACTIONS                                                  (**)                ......                  (**)

          ;ATOTAL--AGENCY FOR INTERNATIONAL DEVELOPMENT                             3,934                   712                 3,222

      OVERSEAS PRIVATE INVESTMENT CORPORATION:

        OVERSEAS PRIVATE INVESTMENT CORPORATION ACCOUNT                               220                   230                    -9
        PROPRIETARY RECEIPTS FROM THE PUBLIC                                       ......                    58                   -58

          ;ATOTAL--OVERSEAS PRIVATE INVESTMENT CORPORATION                            220                   288                   -68

      PEACE CORPS                                                                     243                  (**)                   243
      OTHER                                                                            65                ......                    65

        ;CTOTAL--INTERNATIONAL DEVELOPMENT ASSISTANCE                               4,463                 1,000                 3,462

    ;CINTERNATIONAL MONETARY PROGRAMS                                              -1,107                ......                -1,107

    MILITARY SALES PROGRAMS:

      FOREIGN MILITARY SALES TRUST FUND                                             8,681                ......                 8,681
      OTHER                                                                             1                  (**)                     2
      PROPRIETARY RECEIPTS FROM THE PUBLIC                                         ......                 8,649                -8,649
    OTHER                                                                          ......                ......                ......

      ;CTOTAL--INTERNATIONAL ASSISTANCE PROGRAM                                    23,238                10,645                12,593

  ;CNATIONAL AERONAUTICS AND SPACE ADMINISTRATION:

    HUMAN SPACE FLIGHT                                                              4,972                ......                 4,972
    SCIENCE, AERONAUTICS, AND TECHNOLOGY                                            6,669                ......                 6,669
    MISSION SUPPORT                                                                   107                ......                   107
    OTHER                                                                              15                ......                    15

      ;BTOTAL--NATIONAL AERONAUTICS AND SPACE



PAGE  20(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

       ADMINISTRATION                                                              11,762                ......                11,762

  ;CNATIONAL SCIENCE FOUNDATION:

    RESEARCH AND RELATED ACTIVITIES                                                 3,051                ......                 3,051
    EDUCATION AND HUMAN RESOURCES                                                     451                ......                   451
    OTHER                                                                             227                ......                   227

      ;ATOTAL--NATIONAL SCIENCE FOUNDATION                                          3,729                ......                 3,729

  OFFICE OF PERSONNEL MANAGEMENT:
    GOVERNMENT PAYMENT FOR ANNUITANTS, EMPLOYEES

     HEALTH AND LIFE INSURANCE BENEFITS                                             5,593                ......                 5,593

    PAYMENT TO CIVIL SERVICE RETIREMENT AND

     DISABILITY FUND                                                               ......                ......                ......
    CIVIL SERVICE RETIREMENT AND DISABILITY FUND                                   41,946                ......                41,946
    EMPLOYEES LIFE INSURANCE FUND                                                   1,638                 2,749                -1,110
    EMPLOYEES AND RETIRED EMPLOYEES HEALTH BENEFITS FUND                           20,534                21,644                -1,110
    OTHER                                                                             118                ......                   118

    INTRABUDGETARY TRANSACTIONS:
      CIVIL SERVICE RETIREMENT AND DISABILITY FUND:

        GENERAL FUND CONTRIBUTIONS                                                 ......                ......                ......
        OTHER                                                                         -27                ......                   -27

      ;ATOTAL--OFFICE OF PERSONNEL MANAGEMENT                                      69,801                24,393                45,408

  SMALL BUSINESS ADMINISTRATION:
    PUBLIC ENTERPRISE FUNDS:

      BUSINESS LOAN FUND                                                            1,373                   496                   878
      DISASTER LOAN FUND                                                              633                    11                   622
      OTHER                                                                             9                     5                     3
    OTHER                                                                             265                  (**)                   265
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                   300                  -300

      ;ATOTAL--SMALL BUSINESS ADMINISTRATION                                        2,281                   812                 1,468

  SOCIAL SECURITY ADMINISTRATION:

    PAYMENTS TO SOCIAL SECURITY TRUST FUNDS                                        13,249                ......                13,249



PAGE  21(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
    SPECIAL BENEFITS FOR DISABLED COAL MINERS                                         350                ......                   350
    SUPPLEMENTAL SECURITY INCOME PROGRAM                                           28,913                ......                28,913

    ;CFEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST FUND
     (OFF-BUDGET):

      BENEFIT PAYMENTS                                                            329,978                ......               329,978
      ADMINISTRATIVE EXPENSES                                                       1,960                ......                 1,960
      PAYMENT TO RAILROAD RETIREMENT ACCOUNT                                        3,580                ......                 3,580
      OTHER                                                                        ......                ......                ......

        ;ATOTAL--FOASI TRUST FUND                                                 335,518                ......               335,518

    FEDERAL DISABILITY INSURANCE TRUST FUND
     (OFF-BUDGET):

      BENEFIT PAYMENTS                                                             57,785                ......                57,785
      ADMINISTRATIVE EXPENSES                                                       1,574                ......                 1,574
      PAYMENT TO RAILROAD RETIREMENT ACCOUNT                                          167                ......                   167
      OTHER                                                                          (**)                ......                  (**)

        ;ATOTAL--FDI TRUST FUND                                                    59,526                ......                59,526

    OTHER                                                                              38                ......                    38

    PROPRIETARY RECEIPTS FROM THE PUBLIC:

      ON-BUDGET                                                                    ......                 1,586                -1,586
      OFF-BUDGET                                                                   ......                    66                   -66

    INTRABUDGETARY TRANSACTIONS:

      OFF-BUDGET                                                                  -13,247                ......               -13,247

        ;ATOTAL--SOCIAL SECURITY ADMINISTRATION                                   424,348                 1,652               422,695

  ALLOWANCES                                                                       ......                ......                ......

  OTHER INDEPENDENT AGENCIES:

    APPALACHIAN REGIONAL COMMISSION                                                    66                     2                    64
    BROADCASTING BOARD OF GOVERNORS                                                   414                ......                   414
    CORPORATION FOR NATIONAL AND COMMUNITY SERVICE                                    699                ......                   699
    CORPORATION FOR PUBLIC BROADCASTING                                               411                ......                   411

    DISTRICT OF COLUMBIA:




PAGE  22(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      COURTS                                                                          130                  (**)                   130
      CORRECTIONS                                                                       1                ......                     1
      GENERAL AND SPECIAL PAYMENTS                                                    538                    24                   514
      FINANCING                                                                    ......                ......                ......
    EQUAL EMPLOYMENT OPPORTUNITY COMMISSION                                           259                     2                   256
    EXPORT-IMPORT BANK OF THE UNITED STATES                                           585                 3,817                -3,232

    FEDERAL COMMUNICATIONS COMMISSION:

      UNIVERSAL SERVICE FUND                                                        4,640                ......                 4,640
      SPECTRUM AUCTION PROGRAM ACCOUNT                                                514                ......                   514
      OTHER                                                                           133                    42                    91

    ;CFEDERAL DEPOSIT INSURANCE CORPORATION:

      BANK INSURANCE FUND                                                           1,710                 2,097                  -387
      SAVINGS ASSOCIATION INSURANCE FUND                                              102                   368                  -266

      FSLIC RESOLUTION FUND:

        RESOLUTION TRUST CORPORATION CLOSEOUT                                         486                   282                   203
        OTHER                                                                          10                   166                  -156
      OFFICE OF INSPECTOR GENERAL                                                      13                ......                    13

        ;ATOTAL--FEDERAL DEPOSIT INSURANCE CORPORATION                              2,320                 2,913                  -593

    FEDERAL DRUG CONTROL PROGRAMS                                                     577                ......                   577
    LEGAL SERVICES CORPORATION                                                        279                ......                   279
    NATIONAL ARCHIVES AND RECORDS ADMINISTRATION                                      250                    12                   238
    NATIONAL CREDIT UNION ADMINISTRATION                                              163                   637                  -474
    NATIONAL ENDOWMENT FOR THE ARTS                                                    94                ......                    94
    NATIONAL ENDOWMENT FOR THE HUMANITIES                                              94                ......                    94
    INSTITUTE OF MUSEUM AND LIBRARY SERVICES                                          187                ......                   187
    NATIONAL LABOR RELATIONS BOARD                                                    184                ......                   184
    NUCLEAR REGULATORY COMMISSION                                                     468                   357                   111

    POSTAL SERVICE:

      PUBLIC ENTERPRISE FUNDS (OFF-BUDGET)                                         51,227                58,223                -6,996
      PAYMENTS TO THE POSTAL SERVICE FUND                                              76                ......                    76

    ;CRAILROAD RETIREMENT BOARD:

      FEDERAL WINDFALL SUBSIDY                                                        109                ......                   109
-


 PAGE  23(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      FEDERAL PAYMENTS TO THE RAILROAD RETIREMENT ACCOUNTS                            430                ......                   430

      RAILROAD UNEMPLOYMENT INSURANCE TRUST FUND:

        BENEFIT PAYMENTS                                                               79                ......                    79
        ADMINISTRATIVE EXPENSES                                                    ......                ......                ......

      RAIL INDUSTRY PENSION FUND:

        BENEFIT PAYMENTS                                                            2,914                ......                 2,914
        ADVANCES FROM FOASDI FUND                                                    -970                ......                  -970
        OASDI CERTIFICATIONS                                                          970                ......                   970
        ADMINISTRATIVE EXPENSES                                                        80                ......                    80
        INTEREST ON REFUND OF TAXES                                                     2                ......                     2

        TRANSFERS TO THE NATIONAL RAILROAD RETIREMENT

         INVESTMENT TRUST                                                          17,750                ......                17,750
        OTHER                                                                           5                ......                     5

      NATIONAL RAILROAD RETIREMENT INVESTMENT TRUST:

        BENEFIT PAYMENTS                                                           ......                ......                ......
        ADMINISTRATIVE EXPENSES                                                         3                ......                     3

        TRANSFERS TO THE RAILROAD RETIREMENT TRUST FUNDS FROM

         THE NATIONAL RAILROAD RETIREMENT INVESTMENT TRUST                         ......                ......                ......

      SUPPLEMENTAL ANNUITY PENSION FUND:

        BENEFIT PAYMENTS                                                           ......                ......                ......
        INTEREST ON REFUND OF TAXES                                                ......                ......                ......

        TRANSFERS TO THE NATIONAL RAILROAD RETIREMENT

         INVESTMENT TRUST                                                          ......                ......                ......

      RAILROAD SOCIAL SECURITY EQUIVALENT BENEFIT ACCOUNT:

        BENEFIT PAYMENTS                                                            4,548                ......                 4,548
        INTEREST ON REFUND OF TAXES                                                     2                ......                     2

        TRANSFERS TO THE NATIONAL RAILROAD RETIREMENT

         INVESTMENT TRUST                                                          ......                ......                ......



PAGE  24(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      OTHER                                                                        ......                ......                ......
      PROPRIETARY RECEIPTS FROM THE PUBLIC                                         ......                 1,890                -1,890

      INTRABUDGETARY TRANSACTIONS:
        PAYMENTS FROM OTHER FUNDS TO THE RAILROAD

         RETIREMENT TRUST FUNDS                                                    -3,747                ......                -3,747

        PAYMENTS FROM THE RAILROAD RETIREMENT TRUST FUNDS TO

         THE NATIONAL RAILROAD RETIREMENT INVESTMENT TRUST                        -17,750                ......               -17,750
        OTHER                                                                        -430                ......                  -430

          ;ATOTAL--RAILROAD RETIREMENT BOARD                                        3,993                 1,890                 2,103

    SECURITIES AND EXCHANGE COMMISSION                                                  5                ......                     5
    SMITHSONIAN INSTITUTION                                                           482                ......                   482
    TENNESSEE VALLEY AUTHORITY                                                      9,725                 9,778                   -52
    OTHER                                                                           1,370                   316                 1,053

      ;CTOTAL--OTHER INDEPENDENT AGENCIES                                          79,886                78,014                 1,872

  ;CUNDISTRIBUTED OFFSETTING RECEIPTS:

    OTHER INTEREST                                                                 ......                  (**)                  (**)
    DEPARTMENT OF DEFENSE MEDICARE-ELIGIBLE HEALTH CARE FUND                       -6,757                ......                -6,757

    ;CEMPLOYER SHARE, EMPLOYEE RETIREMENT:
      DEPARTMENT OF HEALTH AND HUMAN SERVICES:
        FEDERAL HOSPITAL INSURANCE TRUST FUND:

          FEDERAL EMPLOYER CONTRIBUTIONS                                           -1,943                ......                -1,943
          POSTAL SERVICE EMPLOYER CONTRIBUTIONS                                      -579                ......                  -579
          PAYMENTS FOR MILITARY SERVICE CREDITS                                    ......                ......                ......

      DEPARTMENT OF STATE:

        FOREIGN SERVICE RETIREMENT AND DISABILITY FUND                               -133                ......                  -133

      OTHER DEFENSE CIVIL PROGRAMS:

        MILITARY RETIREMENT FUND                                                  -11,295                ......               -11,295

      OFFICE OF PERSONNEL MANAGEMENT:

        CIVIL SERVICE RETIREMENT AND DISABILITY FUND                              -11,867                ......               -11,867




PAGE  25(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      SOCIAL SECURITY ADMINISTRATION (OFF-BUDGET):
        FEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST FUND:

          FEDERAL EMPLOYER CONTRIBUTIONS                                           -6,748                ......                -6,748
          PAYMENTS FOR MILITARY SERVICE CREDITS                                    ......                ......                ......

        FEDERAL DISABILITY INSURANCE TRUST FUND:

          FEDERAL EMPLOYER CONTRIBUTIONS                                           -1,147                ......                -1,147
          PAYMENTS FOR MILITARY SERVICE CREDITS                                    ......                ......                ......
      OTHER                                                                            -2                ......                    -2

        ;ATOTAL--EMPLOYER SHARE, EMPLOYEE RETIREMENT                              -33,714                ......               -33,714

    INTEREST RECEIVED BY TRUST FUNDS:
      JUDICIAL BRANCH:

        JUDICIAL SURVIVORS ANNUITY FUND                                               -19                ......                   -19

      DEPARTMENT OF HEALTH AND HUMAN SERVICES:

        FEDERAL HOSPITAL INSURANCE TRUST FUND                                     -14,762                ......               -14,762
        FEDERAL SUPPLEMENTARY MEDICAL INSURANCE TRUST FUND                         -2,375                ......                -2,375

      DEPARTMENT OF HOMELAND SECURITY:

        OIL SPILL LIABILITY TRUST FUND                                                 -8                ......                    -8
        OTHER                                                                         -19                ......                   -19

      DEPARTMENT OF LABOR:

        UNEMPLOYMENT TRUST FUND                                                    -3,732                ......                -3,732

      DEPARTMENT OF STATE:

        FOREIGN SERVICE RETIREMENT AND DISABILITY FUND                               -775                ......                  -775

      DEPARTMENT OF TRANSPORTATION:

        AIRPORT AND AIRWAY TRUST FUND                                                -576                ......                  -576
        HIGHWAY TRUST FUND                                                         ......                ......                ......

      DEPARTMENT OF VETERANS AFFAIRS:

        NATIONAL SERVICE LIFE INSURANCE FUND                                         -781                ......                  -781




PAGE  26(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT FYTD          CURRENT FYTD          CURRENT FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
        UNITED STATES GOVERNMENT LIFE INSURANCE FUND                                   -4                ......                    -4
      CORPS OF ENGINEERS                                                              -35                ......                   -35

      OTHER DEFENSE CIVIL PROGRAMS:

        MILITARY RETIREMENT FUND                                                   -9,107                ......                -9,107
        EDUCATIONAL BENEFITS FUND                                                     -33                ......                   -33
        ARMED FORCES RETIREMENT HOME                                                   -5                ......                    -5
      ENVIRONMENTAL PROTECTION AGENCY                                                -107                ......                  -107
      NATIONAL AERONAUTICS AND SPACE ADMINISTRATION                                    -1                ......                    -1

      OFFICE OF PERSONNEL MANAGEMENT:

        CIVIL SERVICE RETIREMENT AND DISABILITY FUND                              -37,268                ......               -37,268

      SOCIAL SECURITY ADMINISTRATION (OFF-BUDGET):

        FEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST FUND                        -73,841                ......               -73,841
        FEDERAL DISABILITY INSURANCE TRUST FUND                                    -9,530                ......                -9,530

      INDEPENDENT AGENCIES:

        RAILROAD RETIREMENT BOARD                                                    -748                ......                  -748
        OTHER                                                                        -121                ......                  -121
      OTHER                                                                           -89                ......                   -89

        ;ATOTAL--INTEREST RECEIVED BY TRUST FUNDS                                -153,934                ......              -153,934

    RENTS AND ROYALTIES ON THE OUTER CONTINENTAL SHELF LANDS                       ......                 4,228                -4,228
    SALE OF MAJOR ASSETS                                                           ......                ......                ......
    SPECTRUM AUCTION PROCEEDS                                                      ......                ......                ......

      ;CTOTAL--UNDISTRIBUTED OFFSETTING RECEIPTS                                 -194,404                 4,228              -198,632
    ;CTOTAL OUTLAYS                                                             1,987,537               187,148             1,800,390

      ;CTOTAL ON-BUDGET                                                         1,645,778               128,858             1,516,919
      ;CTOTAL OFF-BUDGET                                                          341,759                58,289               283,470
    ;CTOTAL SURPLUS (+) OR DEFICIT                                                                                           -323,978
      ;CTOTAL ON-BUDGET                                                                                                      -480,326
      ;CTOTAL OFF-BUDGET                                                                                                      156,348
-
-



PAGE  27(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
  LEGISLATIVE BRANCH:

    SENATE                                                                            475                     2                   473
    HOUSE OF REPRESENTATIVES                                                          809                     1                   808
    JOINT ITEMS                                                                        67                ......                    67
    CAPITOL POLICE                                                                     87                ......                    87
    CONGRESSIONAL BUDGET OFFICE                                                        24                ......                    24
    ARCHITECT OF THE CAPITOL                                                          233                     7                   227
    LIBRARY OF CONGRESS                                                               514                     8                   506
    GOVERNMENT PRINTING OFFICE                                                         97                ......                    97
    GENERAL ACCOUNTING OFFICE                                                         341                ......                   341
    UNITED STATES TAX COURT                                                            28                ......                    28
    OTHER LEGISLATIVE BRANCH AGENCIES                                                  36                ......                    36
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                    26                   -26
    INTRABUDGETARY TRANSACTIONS                                                        -9                ......                    -9

      ;ATOTAL--LEGISLATIVE BRANCH                                                   2,704                    44                 2,660

  JUDICIAL BRANCH:

    SUPREME COURT OF THE UNITED STATES                                                 37                ......                    37

    COURTS OF APPEALS, DISTRICT COURTS, AND OTHER

     JUDICIAL SERVICES                                                              3,973                ......                 3,973
    OTHER                                                                             173                ......                   173
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                    14                   -14
    INTRABUDGETARY TRANSACTIONS                                                      -265                ......                  -265

      ;ATOTAL--JUDICIAL BRANCH                                                      3,919                    14                 3,905

  ;CDEPARTMENT OF AGRICULTURE:

    AGRICULTURAL RESEARCH SERVICE                                                     861                ......                   861

    COOPERATIVE STATE RESEARCH, EDUCATION, AND
     EXTENSION SERVICE:

      RESEARCH AND EDUCATION ACTIVITIES                                               417                ......                   417
      EXTENSION ACTIVITIES                                                            368                ......                   368
      OTHER                                                                            64                ......                    64
    ANIMAL AND PLANT HEALTH INSPECTION SERVICE                                        783                ......                   783
    FOOD SAFETY AND INSPECTION SERVICE                                                584                ......                   584
    AGRICULTURAL MARKETING SERVICE                                                    733                     2                   731

    RISK MANAGEMENT AGENCY:



PAGE   1(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      ADMINISTRATIVE AND OPERATING EXPENSES                                            63                ......                    63
      FEDERAL CROP INSURANCE CORPORATION FUND                                       2,862                   815                 2,047

    ;CFARM SERVICE AGENCY:

      SALARIES AND EXPENSES                                                           647                ......                   647
      COMMODITY CREDIT CORPORATION                                                 25,954                 9,801                16,153
      AGRICULTURAL CREDIT INSURANCE FUND                                            1,738                   789                   949
      OTHER                                                                            30                ......                    30

        ;ATOTAL--FARM SERVICE AGENCY                                               28,370                10,590                17,780

    NATURAL RESOURCES CONSERVATION SERVICE:

      CONSERVATION OPERATIONS                                                         713                ......                   713
      OTHER                                                                           218                ......                   218
    RURAL DEVELOPMENT                                                                 642                ......                   642

    RURAL HOUSING SERVICE:

      RURAL HOUSING INSURANCE FUND                                                    990                 1,574                  -584
      RENTAL ASSISTANCE PROGRAM                                                       544                ......                   544
      OTHER                                                                            62                ......                    62

    RURAL UTILITIES SERVICE:

      RURAL ELECTRIFICATION AND TELECOMMUNICATIONS FUND                               906                 2,428                -1,522
      RURAL DEVELOPMENT INSURANCE FUND                                                327                   352                   -25
      OTHER                                                                            51                   149                   -98
    FOREIGN AGRICULTURAL SERVICE                                                      365                ......                   365

    ;CFOOD AND NUTRITION SERVICE:

      FOOD STAMP PROGRAM                                                           18,412                ......                18,412
      CHILD NUTRITION PROGRAMS                                                      9,426                ......                 9,426

      SPECIAL SUPPLEMENTAL NUTRITION PROGRAM FOR

       WOMEN, INFANTS, AND CHILDREN (WIC)                                           3,685                ......                 3,685
      OTHER                                                                           386                ......                   386

        ;ATOTAL--FOOD AND NUTRITION SERVICE                                        31,909                ......                31,909

    FOREST SERVICE:
-


 PAGE   2(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      NATIONAL FOREST SYSTEM                                                        1,119                ......                 1,119
      WILDLAND FIRE MANAGEMENT                                                      1,398                ......                 1,398
      FOREST SERVICE PERMANENT APPROPRIATIONS                                         574                ......                   574
      OTHER                                                                         1,058                ......                 1,058

        ;ATOTAL--FOREST SERVICE                                                     4,149                ......                 4,149

    OTHER                                                                             605                    32                   573
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                   635                  -635
    INTRABUDGETARY TRANSACTIONS                                                       -10                ......                   -10

      ;CTOTAL--DEPARTMENT OF AGRICULTURE                                           76,576                16,576                60,000

  ;CDEPARTMENT OF COMMERCE:

    ECONOMIC DEVELOPMENT ADMINISTRATION                                               305                     6                   299
    BUREAU OF THE CENSUS                                                              504                ......                   504
    PROMOTION OF INDUSTRY AND COMMERCE                                                344                ......                   344

    ;CSCIENCE AND TECHNOLOGY:

      NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION                               2,441                    30                 2,411
      NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY                                  581                ......                   581
      OTHER                                                                            81                    21                    59

        ;ATOTAL--SCIENCE AND TECHNOLOGY                                             3,103                    52                 3,051

    OTHER                                                                             100                     4                    96
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                    -2                     2
    INTRABUDGETARY TRANSACTIONS                                                    ......                ......                ......
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                ......                ......

      ;CTOTAL--DEPARTMENT OF COMMERCE                                               4,356                    59                 4,297

  ;CDEPARTMENT OF DEFENSE-MILITARY:
    MILITARY PERSONNEL:

      DEPARTMENT OF THE ARMY                                                       26,866                ......                26,866
      DEPARTMENT OF THE NAVY                                                       24,812                ......                24,812
      DEPARTMENT OF THE AIR FORCE                                                  19,750                ......                19,750

        ;ATOTAL--MILITARY PERSONNEL                                                71,428                ......                71,428

    OPERATION AND MAINTENANCE:
-


 PAGE   3(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      DEPARTMENT OF THE ARMY                                                       23,967                ......                23,967
      DEPARTMENT OF THE NAVY                                                       24,906                ......                24,906
      DEPARTMENT OF THE AIR FORCE                                                  25,289                ......                25,289
      DEFENSE AGENCIES                                                             30,666                ......                30,666

          ;ATOTAL--OPERATION AND MAINTENANCE                                      104,827                ......               104,827

    PROCUREMENT:

      DEPARTMENT OF THE ARMY                                                        9,598                ......                 9,598
      DEPARTMENT OF THE NAVY                                                       19,830                ......                19,830
      DEPARTMENT OF THE AIR FORCE                                                  19,806                ......                19,806
      DEFENSE AGENCIES                                                              2,095                ......                 2,095

        ;ATOTAL--PROCUREMENT                                                       51,329                ......                51,329

    RESEARCH, DEVELOPMENT, TEST, AND EVALUATION:

      DEPARTMENT OF THE ARMY                                                        5,540                ......                 5,540
      DEPARTMENT OF THE NAVY                                                        8,420                ......                 8,420
      DEPARTMENT OF THE AIR FORCE                                                  12,165                ......                12,165
      DEFENSE AGENCIES                                                             10,679                ......                10,679

        ;ATOTAL--RESEARCH, DEVELOPMENT, TEST, AND EVALUATION                       36,805                ......                36,805

    MILITARY CONSTRUCTION:

      DEPARTMENT OF THE ARMY                                                        1,063                ......                 1,063
      DEPARTMENT OF THE NAVY                                                          766                ......                   766
      DEPARTMENT OF THE AIR FORCE                                                     879                ......                   879
      DEFENSE AGENCIES                                                              1,415                ......                 1,415

        ;ATOTAL--MILITARY CONSTRUCTION                                              4,123                ......                 4,123

    FAMILY HOUSING:

      DEPARTMENT OF THE ARMY                                                          918                ......                   918
      DEPARTMENT OF THE NAVY                                                        1,052                ......                 1,052
      DEPARTMENT OF THE AIR FORCE                                                     851                ......                   851
      DEFENSE AGENCIES                                                                181                     4                   178

    REVOLVING AND MANAGEMENT FUNDS:

      DEPARTMENT OF THE ARMY                                                           38                ......                    38
-


 PAGE   4(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      DEPARTMENT OF THE NAVY                                                          579                ......                   579
      DEPARTMENT OF THE AIR FORCE                                                  ......                ......                ......

      DEFENSE AGENCIES:

        WORKING CAPITAL FUND                                                        1,183                ......                 1,183
        OTHER                                                                          14                  (**)                    14
    OTHER                                                                              88                ......                    88

    TRUST FUNDS:

      DEPARTMENT OF THE ARMY                                                            5                ......                     5
      DEPARTMENT OF THE NAVY                                                           30                ......                    30
      DEPARTMENT OF THE AIR FORCE                                                      13                     5                     8
      DEFENSE AGENCIES                                                                 71                ......                    71

    PROPRIETARY RECEIPTS FROM THE PUBLIC:

      DEPARTMENT OF THE ARMY                                                       ......                    40                   -40
      DEPARTMENT OF THE NAVY                                                       ......                  -213                   213
      DEPARTMENT OF THE AIR FORCE                                                  ......                   327                  -327
      DEFENSE AGENCIES                                                             ......                 1,160                -1,160

    INTRABUDGETARY TRANSACTIONS:

      DEPARTMENT OF THE ARMY                                                           76                ......                    76
      DEPARTMENT OF THE NAVY                                                          392                ......                   392
      DEPARTMENT OF THE AIR FORCE                                                     284                ......                   284
      DEFENSE AGENCIES                                                                 71                ......                    71

    OFFSETTING GOVERNMENTAL RECEIPTS:

      DEPARTMENT OF THE ARMY                                                       ......                     2                    -2
      DEFENSE AGENCIES                                                             ......                    11                   -11

        ;CTOTAL--DEPARTMENT OF DEFENSE--MILITARY                                  274,358                 1,336               273,023

  ;CDEPARTMENT OF EDUCATION:
    OFFICE OF ELEMENTARY AND SECONDARY EDUCATION:

      EDUCATION FOR THE DISADVANTAGED                                               8,127                ......                 8,127
      IMPACT AID                                                                    1,048                ......                 1,048
      SCHOOL IMPROVEMENT PROGRAMS                                                   2,985                ......                 2,985
      EDUCATION REFORM                                                              1,532                ......                 1,532
      OTHER                                                                           244                ......                   244
-


 PAGE   5(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

        ;ATOTAL--OFFICE OF ELEMENTARY AND SECONDARY EDUCATION                      13,935                ......                13,935

    OFFICE OF ENGLISH LANGUAGE ACQUISITION                                            356                ......                   356

    OFFICE OF SPECIAL EDUCATION AND REHABILITATIVE SERVICES:

      SPECIAL EDUCATION                                                             6,165                ......                 6,165
      REHABILITATION SERVICES AND DISABILITY RESEARCH                               2,374                ......                 2,374
      SPECIAL INSTITUTIONS FOR PERSONS WITH DISABILITIES                              145                ......                   145
    OFFICE OF VOCATIONAL AND ADULT EDUCATION                                        1,495                ......                 1,495

    ;COFFICE OF POSTSECONDARY EDUCATION:

      COLLEGE HOUSING AND ACADEMIC FACILITIES LOANS                                    -6                    36                   -42
      HIGHER EDUCATION                                                              1,369                ......                 1,369
      HOWARD UNIVERSITY                                                               186                ......                   186

        ;ATOTAL--OFFICE OF POSTSECONDARY EDUCATION                                  1,549                    36                 1,513

    FEDERAL STUDENT AID:

      STUDENT FINANCIAL ASSISTANCE                                                  9,192                ......                 9,192
      STUDENT AID ADMINISTRATION                                                   ......                ......                ......
      FEDERAL STUDENT LOAN RESERVE FUND                                            ......                ......                ......
      FEDERAL DIRECT STUDENT LOANS                                                    163                ......                   163
      FEDERAL FAMILY EDUCATION LOANS                                                1,701                ......                 1,701

        ;ATOTAL--FEDERAL STUDENT AID                                               11,057                ......                11,057

    INSTITUTE OF EDUCATION SCIENCES                                                   528                ......                   528
    DEPARTMENTAL MANAGEMENT                                                           435                ......                   435
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                    22                   -22

      ;CTOTAL--DEPARTMENT OF EDUCATION                                             38,039                    58                37,981

  ;CDEPARTMENT OF ENERGY:
    NATIONAL NUCLEAR SECURITY ADMINISTRATION:

      NAVAL REACTORS                                                                  567                ......                   567
      WEAPONS ACTIVITIES                                                            4,254                ......                 4,254
      DEFENSE NUCLEAR NONPROLIFERATION                                                663                ......                   663
      OTHER                                                                           323                ......                   323

    ENVIRONMENTAL AND OTHER DEFENSE ACTIVITIES:
-


 PAGE   6(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      DEFENSE ENVIRONMENTAL RESTORATION AND

       WASTE MANAGEMENT                                                             4,306                ......                 4,306
      DEFENSE SITE ACCELERATION COMPLETION                                            898                ......                   898
      OTHER DEFENSE ACTIVITIES                                                        424                ......                   424
      OTHER                                                                           296                ......                   296

    ;CENERGY PROGRAMS:

      SCIENCE                                                                       2,632                ......                 2,632
      ENERGY SUPPLY                                                                   520                ......                   520
      ENERGY CONSERVATION                                                             711                ......                   711
      OTHER                                                                         1,419                    23                 1,395

        ;ATOTAL--ENERGY PROGRAMS                                                    5,282                    23                 5,259

    POWER MARKETING ADMINISTRATION                                                  2,391                 2,473                   -82
    DEPARTMENTAL ADMINISTRATION                                                       210                ......                   210
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                 1,085                -1,085
    INTRABUDGETARY TRANSACTIONS                                                      -730                ......                  -730
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                ......                ......

      ;CTOTAL--DEPARTMENT OF ENERGY                                                18,884                 3,581                15,303

  ;CDEPARTMENT OF HEALTH AND HUMAN SERVICES:
    PUBLIC HEALTH SERVICE:

      FOOD AND DRUG ADMINISTRATION                                                  1,009                     6                 1,004
      HEALTH RESOURCES AND SERVICES ADMINISTRATION                                  4,656                    18                 4,638
      INDIAN HEALTH SERVICES                                                        2,506                ......                 2,506
      CENTERS FOR DISEASE CONTROL AND PREVENTION                                    2,990                ......                 2,990
      NATIONAL INSTITUTES OF HEALTH                                                16,573                ......                16,573
      SUBSTANCE ABUSE AND MENTAL HEALTH SERVICES ADMINISTRATION                     2,450                ......                 2,450
      AGENCY FOR HEALTHCARE RESEARCH AND QUALITY                                      209                ......                   209

        ;CTOTAL--PUBLIC HEALTH SERVICE                                             30,393                    24                30,369

    ;CCENTERS FOR MEDICARE AND MEDICAID SERVICES:

      GRANTS TO STATES FOR MEDICAID                                               122,872                ......               122,872
      PAYMENTS TO HEALTH CARE TRUST FUNDS                                          75,792                ......                75,792
      STATE CHILDREN'S HEALTH INSURANCE FUND                                        3,011                ......                 3,011

      ;CFEDERAL HOSPITAL INSURANCE TRUST FUND:

        BENEFIT PAYMENTS                                                          120,794                ......               120,794



PAGE   7(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
        ADMINISTRATIVE EXPENSES                                                     1,211                ......                 1,211

          ;ATOTAL--FHI TRUST FUND                                                 122,006                ......               122,006

      HEALTH CARE FRAUD AND ABUSE CONTROL                                             829                ......                   829

      ;CFEDERAL SUPPLEMENTARY MEDICAL INSURANCE TRUST FUND:

        BENEFIT PAYMENTS                                                           88,713                ......                88,713
        ADMINISTRATIVE EXPENSES                                                     1,414                ......                 1,414

          ;ATOTAL--FSMI TRUST FUND                                                 90,128                ......                90,128

      OTHER                                                                           457                ......                   457

        ;CTOTAL--CENTERS FOR MEDICARE AND MEDICAID SERVICES                       415,095                ......               415,095

    ;CADMINISTRATION FOR CHILDREN AND FAMILIES:

      TEMPORARY ASSISTANCE FOR NEEDY FAMILIES                                      15,342                ......                15,342

      PAYMENTS TO STATES FOR CHILD SUPPORT ENFORCEMENT

       AND FAMILY SUPPORT PROGRAMS                                                  3,157                ......                 3,157
      LOW INCOME HOME ENERGY ASSISTANCE                                             1,614                ......                 1,614
      REFUGEE AND ENTRANT ASSISTANCE                                                  379                ......                   379
      CHILD CARE ENTITLEMENT TO STATES                                              2,008                ......                 2,008

      PAYMENTS TO STATES FOR THE CHILD CARE

       AND DEVELOPMENT BLOCK GRANT                                                  1,755                ......                 1,755
      SOCIAL SERVICES BLOCK GRANT                                                   1,491                ......                 1,491
      CHILDREN AND FAMILIES SERVICES PROGRAMS                                       6,740                ......                 6,740
      PAYMENTS TO STATES FOR FOSTER CARE AND ADOPTION ASSISTANCE                    4,905                ......                 4,905
      OTHER                                                                           316                ......                   316

        ;ATOTAL--ADMINISTRATION FOR CHILDREN AND FAMILIES                          37,707                ......                37,707

    ADMINISTRATION ON AGING                                                           912                ......                   912
    OTHER                                                                           1,290                ......                 1,290
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                22,532               -22,532

    INTRABUDGETARY TRANSACTIONS:
      PAYMENTS FOR HEALTH INSURANCE FOR THE AGED:

        FEDERAL SUPPLEMENTARY MEDICAL INSURANCE TRUST FUND                        -65,371                ......               -65,371



PAGE   8(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      PAYMENTS FOR TAX AND OTHER CREDITS:

        FEDERAL HOSPITAL INSURANCE TRUST FUND                                     -10,419                ......               -10,419
        OTHER                                                                      ......                ......                ......

      ;CTOTAL--DEPARTMENT OF HEALTH AND HUMAN SERVICES                            409,607                22,556               387,051

  ;CDEPARTMENT OF HOMELAND SECURITY:

    CITIZENSHIP AND IMMIGRATION SERVICES                                            1,370                ......                 1,370
    UNITED STATES SECRET SERVICE                                                      876                ......                   876

    ;CBORDER AND TRANSPORTATION SECURITY:

      TRANSPORTATION SECURITY ADMINISTRATION                                         -318                ......                  -318
      OTHER                                                                         5,531                ......                 5,531

        ;ATOTAL--BORDER AND TRANSPORTATION SECURITY                                 5,213                ......                 5,213

    UNITED STATES COAST GUARD                                                       4,283                     6                 4,276

    ;CEMERGENCY PREPAREDNESS AND RESPONSE:

      DISASTER RELIEF                                                               3,166                ......                 3,166
      NATIONAL FLOOD INSURANCE FUND                                                   285                   774                  -489
      OTHER                                                                           722                     3                   719

        ;ATOTAL--EMERGENCY PREPAREDNESS AND RESPONSE                                4,173                   777                 3,396

    SCIENCE AND TECHNOLOGY                                                         ......                ......                ......
    INFORMATION ANALYSIS AND INFRASTRUCTURE PROTECTION                             ......                ......                ......
    OTHER                                                                               8                ......                     8
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                     3                    -3
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                 2,566                -2,566

      ;CTOTAL--DEPARTMENT OF HOMELAND SECURITY                                     15,922                 3,352                12,570

  ;CDEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
    PUBLIC AND INDIAN HOUSING PROGRAMS:

      HOUSING CERTIFICATE FUND                                                     15,221                ......                15,221
      PUBLIC HOUSING CAPITAL FUND                                                   3,038                ......                 3,038
      PUBLIC HOUSING OPERATING FUND                                                 3,026                ......                 3,026
      DRUG ELIMINATION GRANTS FOR LOW-INCOME HOUSING                                  268                ......                   268
-



 PAGE   9(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      REVITALIZATION OF SEVERELY DISTRESSED

       PUBLIC HOUSING (HOPE VI)                                                       378                ......                   378
      NATIVE AMERICAN HOUSING BLOCK GRANT                                             611                ......                   611
      OTHER                                                                           177                   157                    20

        ;ATOTAL--PUBLIC AND INDIAN HOUSING PROGRAMS                                22,719                   157                22,562

    COMMUNITY PLANNING AND DEVELOPMENT:

      HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS                                     248                ......                   248
      COMMUNITY DEVELOPMENT BLOCK GRANTS                                            4,511                ......                 4,511
      HOME INVESTMENT PARTNERSHIP PROGRAM                                           1,313                ......                 1,313
      HOMELESS ASSISTANCE GRANTS                                                      853                ......                   853
      OTHER                                                                            95                   -14                   110

        ;ATOTAL--COMMUNITY PLANNING AND DEVELOPMENT                                 7,021                   -14                 7,035

    HOUSING PROGRAMS:

      PUBLIC ENTERPRISE FUNDS                                                          10                    15                    -4

      CREDIT ACCOUNTS:

        FHA-MUTUAL MORTGAGE INSURANCE FUND, PROGRAM ACCOUNT                           494                ......                   494
        FHA-MUTUAL MORTGAGE INSURANCE CAPITAL RESERVE ACCOUNT                      ......                ......                ......

        FHA-MUTUAL MORTGAGE AND COOPERATIVE HOUSING

         INSURANCE FUND, LIQUIDATING ACCOUNT                                          265                 3,256                -2,991
        FHA-GENERAL AND SPECIAL RISK FUND, PROGRAM ACCOUNT                          1,295                ......                 1,295
        FHA-GENERAL AND SPECIAL RISK FUND, LIQUIDATING ACCOUNT                      1,082                   399                   683

        HOUSING FOR THE ELDERLY OR HANDICAPPED FUND,

         LIQUIDATING ACCOUNT                                                          277                   667                  -390
      HOUSING FOR THE ELDERLY AND HANDICAPPED                                         744                ......                   744
      OTHER ASSISTED HOUSING PROGRAMS                                                 550                  (**)                   550
      OTHER                                                                            10                ......                    10

        ;ATOTAL--HOUSING PROGRAMS                                                   4,727                 4,336                   391

    GOVERNMENT NATIONAL MORTGAGE ASSOCIATION:

      GUARANTEES OF MORTGAGE-BACKED SECURITIES, PROGRAM ACCOUNT                    ......                ......                ......




PAGE  10(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      GUARANTEES OF MORTGAGE-BACKED SECURITIES, LIQUIDATING ACCOUNT                    24                   346                  -321
    MANAGEMENT AND ADMINISTRATION                                                     434                ......                   434
    OTHER                                                                             165                ......                   165

    PROPRIETARY RECEIPTS FROM THE PUBLIC:

      FHA-MUTUAL MORTGAGE INSURANCE FUND                                           ......                ......                ......
      FHA-GENERAL AND SPECIAL RISK FUND                                            ......                 1,886                -1,886
      OTHER                                                                        ......                ......                ......

    INTRABUDGETARY TRANSACTIONS:

      FHA-MUTUAL MORTGAGE INSURANCE FUND                                           ......                ......                ......
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                    33                   -33

      ;CTOTAL--DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT                         35,090                 6,744                28,346

  ;CDEPARTMENT OF THE INTERIOR:
    LAND AND MINERALS MANAGEMENT:
      BUREAU OF LAND MANAGEMENT:

        MANAGEMENT OF LANDS AND RESOURCES                                             632                ......                   632
        WILDLAND FIRE MANAGEMENT                                                      560                ......                   560
        OTHER                                                                         446                    17                   429
      MINERALS MANAGEMENT SERVICE                                                     627                ......                   627
      OFFICE OF SURFACE MINING RECLAMATION AND ENFORCEMENT                            339                ......                   339

        ;ATOTAL--LAND AND MINERALS MANAGEMENT                                       2,603                    17                 2,587

    WATER AND SCIENCE:
      BUREAU OF RECLAMATION:

        WATER AND RELATED RESOURCES                                                   543                ......                   543
        OTHER                                                                         318                   147                   171
      UNITED STATES GEOLOGICAL SURVEY                                                 726                ......                   726
      OTHER                                                                            39                ......                    39

        ;ATOTAL--WATER AND SCIENCE                                                  1,627                   147                 1,481

    FISH AND WILDLIFE AND PARKS:

      UNITED STATES FISH AND WILDLIFE SERVICE                                       1,387                ......                 1,387
      NATIONAL PARK SERVICE                                                         1,946                  (**)                 1,946

        ;ATOTAL--FISH AND WILDLIFE AND PARKS                                        3,333                  (**)                 3,333
-



 PAGE  11(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

    BUREAU OF INDIAN AFFAIRS                                                        1,997                     4                 1,993

    DEPARTMENTAL OFFICES:

      INSULAR AFFAIRS                                                                 259                ......                   259

      OFFICE OF SPECIAL TRUSTEE FOR

       AMERICAN INDIANS                                                               350                ......                   350
      OTHER                                                                           252                ......                   252
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                 1,953                -1,953
    INTRABUDGETARY TRANSACTIONS                                                      -288                ......                  -288

      ;CTOTAL--DEPARTMENT OF THE INTERIOR                                          10,134                 2,121                 8,012

  ;CDEPARTMENT OF JUSTICE:

    GENERAL ADMINISTRATION                                                            560                ......                   560

    LEGAL ACTIVITIES AND UNITED STATES MARSHALS:

      GENERAL LEGAL ACTIVITIES                                                        567                ......                   567
      UNITED STATES ATTORNEYS                                                       1,132                ......                 1,132
      UNITED STATES MARSHALS SERVICE                                                  510                ......                   510
      SEPTEMBER 11TH VICTIM COMPENSATION                                                3                ......                     3
      OTHER                                                                         1,227                ......                 1,227
    FEDERAL BUREAU OF INVESTIGATION                                                 2,955                ......                 2,955
    DRUG ENFORCEMENT ADMINISTRATION                                                 1,324                ......                 1,324
    BUREAU OF ALCOHOL, TOBACCO, FIREARMS, AND EXPLOSIVES                               34                ......                    34
    FEDERAL PRISON SYSTEM                                                           4,063                   174                 3,889

    OFFICE OF JUSTICE PROGRAMS:

      STATE AND LOCAL LAW ENFORCEMENT ASSISTANCE                                    2,789                ......                 2,789
      COMMUNITY ORIENTED POLICING SERVICES                                          1,081                ......                 1,081
      OTHER                                                                           971                ......                   971
    OTHER                                                                             542                ......                   542
    INTRABUDGETARY TRANSACTIONS                                                      -262                ......                  -262
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                    52                   -52

      ;ATOTAL--DEPARTMENT OF JUSTICE                                               17,496                   226                17,270

  DEPARTMENT OF LABOR:
    EMPLOYMENT AND TRAINING ADMINISTRATION:
-



 PAGE  12(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      TRAINING AND EMPLOYMENT SERVICES                                              4,855                ......                 4,855
      WELFARE TO WORK JOBS                                                            440                ......                   440
      COMMUNITY SERVICE EMPLOYMENT FOR OLDER AMERICANS                                394                ......                   394
      FEDERAL UNEMPLOYMENT BENEFITS AND ALLOWANCES                                    336                ......                   336

      STATE UNEMPLOYMENT INSURANCE AND EMPLOYMENT

       SERVICE OPERATIONS                                                             156                ......                   156

      ADVANCES TO THE UNEMPLOYMENT TRUST FUND AND

       OTHER FUNDS                                                                 ......                ......                ......

      ;CUNEMPLOYMENT TRUST FUND:
        FEDERAL-STATE UNEMPLOYMENT INSURANCE:

          STATE UNEMPLOYMENT BENEFITS                                              41,807                ......                41,807
        STATE ADMINISTRATIVE EXPENSES                                               2,871                ......                 2,871
        FEDERAL ADMINISTRATIVE EXPENSES                                               323                ......                   323
        VETERANS EMPLOYMENT AND TRAINING                                                1                ......                     1
        REPAYMENT OF ADVANCES FROM THE GENERAL FUND                                ......                ......                ......
        OTHER                                                                           5                ......                     5

          ;ATOTAL--UNEMPLOYMENT TRUST FUND                                         45,006                ......                45,006

      OTHER                                                                            87                ......                    87

        ;CTOTAL--EMPLOYMENT AND TRAINING ADMINISTRATION                            51,274                ......                51,274

    ;CPENSION BENEFIT GUARANTY CORPORATION                                          1,695                 2,598                  -902

    EMPLOYMENT STANDARDS ADMINISTRATION:

      SALARIES AND EXPENSES                                                           304                ......                   304
      SPECIAL BENEFITS                                                                567                ......                   567
      BLACK LUNG DISABILITY TRUST FUND                                                363                ......                   363
      OTHER                                                                           431                ......                   431
    OCCUPATIONAL SAFETY AND HEALTH ADMINISTRATION                                     362                ......                   362
    BUREAU OF LABOR STATISTICS                                                        356                ......                   356
    OTHER                                                                             620                ......                   620
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                     5                    -5
    INTRABUDGETARY TRANSACTIONS                                                      -376                ......                  -376

      ;CTOTAL--DEPARTMENT OF LABOR                                                 55,597                 2,603                52,994
-



 PAGE  13(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

  ;CDEPARTMENT OF STATE:
    ADMINISTRATION OF FOREIGN AFFAIRS:

      DIPLOMATIC AND CONSULAR PROGRAMS                                              2,874                ......                 2,874
      EMBASSY SECURITY, CONSTRUCTION, AND MAINTENANCE                                 694                ......                   694

      PAYMENT TO FOREIGN SERVICE RETIREMENT AND

       DISABILITY FUND                                                                136                ......                   136
      FOREIGN SERVICE RETIREMENT AND DISABILITY FUND                                  509                ......                   509
      OTHER                                                                           557                ......                   557

        ;ATOTAL--ADMINISTRATION OF FOREIGN AFFAIRS                                  4,769                ......                 4,769

    INTERNATIONAL ORGANIZATIONS AND CONFERENCES                                     2,219                ......                 2,219
    MIGRATION AND REFUGEE ASSISTANCE                                                  723                ......                   723
    INTERNATIONAL NARCOTICS CONTROL AND LAW ENFORCEMENT                               307                ......                   307
    ANDEAN COUNTERDRUG INITIATIVE                                                     154                ......                   154
    OTHER                                                                             101                ......                   101
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                  (**)                  (**)
    INTRABUDGETARY TRANSACTIONS                                                      -181                ......                  -181
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                ......                ......

      ;CTOTAL--DEPARTMENT OF STATE                                                  8,092                  (**)                 8,092

  ;CDEPARTMENT OF TRANSPORTATION:
    OFFICE OF THE SECRETARY:

      COMPENSATION FOR AIR CARRIERS                                                 1,976                ......                 1,976
      OTHER                                                                           -13                ......                   -13

        ;ATOTAL--OFFICE OF THE SECRETARY                                            1,964                ......                 1,964

    FEDERAL AVIATION ADMINISTRATION:

      OPERATIONS                                                                    1,451                ......                 1,451

      ;CAIRPORT AND AIRWAY TRUST FUND:

        GRANTS-IN-AID FOR AIRPORTS                                                  2,223                ......                 2,223
        FACILITIES AND EQUIPMENT                                                    2,165                ......                 2,165
        RESEARCH, ENGINEERING, AND DEVELOPMENT                                        155                ......                   155
        TRUST FUND SHARE OF FAA OPERATIONS                                          4,660                ......                 4,660

          ;ATOTAL--AIRPORT AND AIRWAY TRUST FUND                                    9,204                ......                 9,204



PAGE  14(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      OTHER                                                                            20                    66                   -46

        ;CTOTAL--FEDERAL AVIATION ADMINISTRATION                                   10,675                    66                10,609

    ;CFEDERAL HIGHWAY ADMINISTRATION:
      HIGHWAY TRUST FUND:

        FEDERAL-AID HIGHWAYS                                                       24,406                ......                24,406
        OTHER                                                                         221                    14                   207
      OTHER PROGRAMS                                                                  115                ......                   115

        ;ATOTAL--FEDERAL HIGHWAY ADMINISTRATION                                    24,743                    14                24,728

    NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION                                    345                ......                   345

    ;CFEDERAL RAILROAD ADMINISTRATION:
      CAPITAL GRANTS TO THE NATIONAL RAILROAD PASSENGER

       CORPORATION                                                                    858                ......                   858
      OTHER                                                                           189                     6                   184

        ;ATOTAL--FEDERAL RAILROAD ADMINISTRATION                                    1,047                     6                 1,041

    FEDERAL TRANSIT ADMINISTRATION:

      FORMULA GRANTS                                                                  137                ......                   137
      DISCRETIONARY GRANTS                                                            427                ......                   427
      TRUST FUND SHARE OF EXPENSES                                                  6,083                ......                 6,083
      OTHER                                                                          -460                ......                  -460

        ;ATOTAL--FEDERAL TRANSIT ADMINISTRATION                                     6,187                ......                 6,187

    MARITIME ADMINISTRATION                                                           517                    71                   447
    OTHER                                                                             293                    10                   283
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                   144                  -144
    INTRABUDGETARY TRANSACTIONS                                                        -7                ......                    -7
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                    53                   -53

      ;CTOTAL--DEPARTMENT OF TRANSPORTATION                                        45,764                   364                45,399

  ;CDEPARTMENT OF THE TREASURY:
    DEPARTMENTAL OFFICES:

      EXCHANGE STABILIZATION FUND                                                    -343                   157                  -500
-



 PAGE  15(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      OTHER                                                                           605                ......                   605

    ;CFINANCIAL MANAGEMENT SERVICE:

      SALARIES AND EXPENSES                                                           196                ......                   196
      TEMPORARY STATE FISCAL RELIEF FUND                                           ......                ......                ......
      PAYMENT TO THE RESOLUTION FUNDING CORPORATION                                   675                ......                   675
      INTEREST PAID TO CREDIT FINANCING ACCOUNTS                                      439                ......                   439
      CLAIMS, JUDGEMENTS, AND RELIEF ACTS                                           1,524                ......                 1,524
      OTHER                                                                           612                ......                   612

        ;ATOTAL--FINANCIAL MANAGEMENT SERVICE                                       3,445                ......                 3,445

    FEDERAL FINANCING BANK                                                            220                ......                   220

    BUREAU OF ALCOHOL AND TOBACCO TAX AND TRADE BUREAU:

      SALARIES AND EXPENSES                                                           677                ......                   677
      INTERNAL REVENUE COLLECTIONS FOR PUERTO RICO                                    282                ......                   282
    BUREAU OF ENGRAVING AND PRINTING                                                   41                ......                    41
    UNITED STATES MINT                                                                588                 1,044                  -456
    BUREAU OF THE PUBLIC DEBT                                                         283                ......                   283

    ;CINTERNAL REVENUE SERVICE:

      PROCESSING, ASSISTANCE, AND MANAGEMENT                                        3,233                ......                 3,233
      TAX LAW ENFORCEMENT                                                           2,985                ......                 2,985
      INFORMATION SYSTEMS                                                           1,449                ......                 1,449
      PAYMENT WHERE EARNED INCOME CREDIT EXCEEDS LIABILITY FOR TAX                 27,580                ......                27,580
      PAYMENT WHERE CHILD CREDIT EXCEEDS LIABILITY FOR TAX                          4,947                ......                 4,947

      REFUNDING INTERNAL REVENUE COLLECTIONS,

       INTEREST                                                                     3,109                ......                 3,109
      OTHER                                                                           394                     4                   390

        ;ATOTAL--INTERNAL REVENUE SERVICE                                          43,696                     4                43,692

    COMPTROLLER OF THE CURRENCY                                                       339                   420                   -81
    OFFICE OF THRIFT SUPERVISION                                                      127                   137                   -10

    ;CINTEREST ON THE PUBLIC DEBT:
      INTEREST ON TREASURY DEBT SECURITIES (GROSS):

        PUBLIC ISSUES (ACCRUAL BASIS)                                             142,813                ......               142,813
-


 PAGE  16(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
        SPECIAL ISSUES (CASH BASIS)                                               156,531                ......               156,531

          ;ATOTAL--INTEREST ON TREASURY DEBT SECURITIES (GROSS)                   299,344                ......               299,344
            TOTAL--INTEREST ON THE PUBLIC DEBT                                    299,344                ......               299,344

    ;COTHER                                                                           177                ......                   177
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                 2,546                -2,546
    INTRABUDGETARY TRANSACTIONS                                                    -2,489                ......                -2,489

      ;CTOTAL--DEPARTMENT OF THE TREASURY                                         346,991                 4,308               342,683

  ;CDEPARTMENT OF VETERANS AFFAIRS:
    VETERANS HEALTH ADMINISTRATION:

      MEDICAL CARE                                                                 18,468                ......                18,468
      OTHER                                                                           577                   218                   359

    ;CVETERANS BENEFITS ADMINISTRATION:
      PUBLIC ENTERPRISE FUNDS:

        VETERANS HOUSING BENEFIT PROGRAM FUND                                         807                    60                   747
        OTHER                                                                         643                   626                    17
      COMPENSATION AND PENSIONS                                                    21,200                ......                21,200
      READJUSTMENT BENEFITS                                                         1,726                ......                 1,726

      INSURANCE FUNDS:

        NATIONAL SERVICE LIFE                                                         967                ......                   967
        UNITED STATES GOVERNMENT LIFE                                                   8                ......                     8
        VETERANS SPECIAL LIFE                                                         100                   170                   -70
      OTHER                                                                            20                ......                    20

        ;ATOTAL--VETERANS BENEFITS ADMINISTRATION                                  25,470                   856                24,614

    CONSTRUCTION                                                                      362                ......                   362
    DEPARTMENTAL ADMINISTRATION                                                       869                ......                   869

    PROPRIETARY RECEIPTS FROM THE PUBLIC:

      NATIONAL SERVICE LIFE                                                        ......                   157                  -157
      OTHER                                                                        ......                 2,950                -2,950
    INTRABUDGETARY TRANSACTIONS                                                        -2                ......                    -2

      ;CTOTAL--DEPARTMENT OF VETERANS AFFAIRS                                      45,744                 4,181                41,563

  ;CCORPS OF ENGINEERS:



PAGE  17(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

    CONSTRUCTION                                                                    1,381                ......                 1,381
    OPERATION AND MAINTENANCE                                                       1,095                ......                 1,095
    FLOOD CONTROL                                                                     297                ......                   297
    RIVERS AND HARBORS CONTRIBUTED FUNDS                                              259                ......                   259
    HARBOR MAINTENANCE TRUST FUND                                                     615                ......                   615
    OTHER                                                                             746                ......                   746
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                   359                  -359
    INTRABUDGETARY TRANSACTIONS                                                       -10                ......                   -10

      ;ATOTAL--CORPS OF ENGINEERS                                                   4,383                   359                 4,024

  OTHER DEFENSE CIVIL PROGRAMS:
    MILITARY RETIREMENT:

      PAYMENT TO MILITARY RETIREMENT FUND                                          17,047                ......                17,047
      MILITARY RETIREMENT FUND                                                     29,193                ......                29,193

    RETIREE HEALTH CARE:
      PAYMENT TO UNIFORMED SERVICES RETIREE

       HEALTH CARE FUND                                                            ......                ......                ......
      UNIFORMED SERVICES RETIREE HEALTH CARE FUND                                  ......                ......                ......
    EDUCATIONAL BENEFITS                                                              214                ......                   214
    OTHER                                                                             122                ......                   122
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                    11                   -11
    INTRABUDGETARY TRANSACTIONS                                                   -17,282                ......               -17,282

      ;ATOTAL--OTHER DEFENSE CIVIL PROGRAMS                                        29,294                    11                29,283

  ENVIRONMENTAL PROTECTION AGENCY:

    SCIENCE AND TECHNOLOGY                                                            565                ......                   565
    ENVIRONMENTAL PROGRAMS AND MANAGEMENT                                           1,772                ......                 1,772
    STATE AND TRIBAL ASSISTANCE GRANTS                                              2,714                ......                 2,714
    HAZARDOUS SUBSTANCE SUPERFUND                                                   1,152                ......                 1,152
    OTHER                                                                             813                    18                   795
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                   234                  -234
    INTRABUDGETARY TRANSACTIONS                                                      -676                ......                  -676
    OFFSETTING GOVERNMENTAL RECEIPTS                                               ......                     9                    -9

      ;ATOTAL--ENVIRONMENTAL PROTECTION AGENCY                                      6,340                   261                 6,080

  EXECUTIVE OFFICE OF THE PRESIDENT:
    COMPENSATION OF THE PRESIDENT AND THE
-



 PAGE  18(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

     WHITE HOUSE OFFICE                                                                48                ......                    48
    OFFICE OF MANAGEMENT AND BUDGET                                                    61                ......                    61
    OFFICE OF NATIONAL DRUG CONTROL POLICY                                             20                ......                    20
    EMERGENCY RESPONSE FUND                                                            88                ......                    88
    OTHER                                                                             175                ......                   175

      ;ATOTAL--EXECUTIVE OFFICE OF THE PRESIDENT                                      392                ......                   392

  GENERAL SERVICES ADMINISTRATION:

    REAL PROPERTY ACTIVITIES                                                           18                ......                    18
    SUPPLY AND TECHNOLOGY ACTIVITIES                                                  -86                ......                   -86
    GENERAL ACTIVITIES                                                                119                ......                   119
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                    14                   -14

      ;ATOTAL--GENERAL SERVICES ADMINISTRATION                                         51                    14                    37

  INTERNATIONAL ASSISTANCE PROGRAM:
    INTERNATIONAL SECURITY ASSISTANCE:

      FOREIGN MILITARY LOAN PROGRAM                                                   349                   608                  -259
      FOREIGN MILITARY FINANCING PROGRAM                                            4,322                ......                 4,322
      ECONOMIC SUPPORT FUND                                                         3,023                ......                 3,023
      OTHER                                                                           761                ......                   761
      PROPRIETARY RECEIPTS FROM THE PUBLIC                                         ......                    16                   -16

        ;ATOTAL--INTERNATIONAL SECURITY ASSISTANCE                                  8,455                   624                 7,831

    MULTILATERAL ASSISTANCE:
      CONTRIBUTION TO THE INTERNATIONAL DEVELOPMENT

       ASSOCIATION                                                                    929                ......                   929
      INTERNATIONAL ORGANIZATIONS AND PROGRAMS                                        288                ......                   288
      OTHER                                                                           708                ......                   708
      PROPRIETARY RECEIPTS FROM THE PUBLIC                                         ......                ......                ......

        ;ATOTAL--MULTILATERAL ASSISTANCE                                            1,925                ......                 1,925

    INTERNATIONAL DEVELOPMENT ASSISTANCE:
      AGENCY FOR INTERNATIONAL DEVELOPMENT:

        ECONOMIC ASSISTANCE LOANS                                                  ......                   682                  -682
        SUSTAINABLE DEVELOPMENT ASSISTANCE PROGRAM                                    912                ......                   912
        CHILD SURVIVAL AND DISEASE PROGRAMS                                           773                ......                   773
-


 PAGE  19(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

        ASSISTANCE FOR THE INDEPENDENT STATES OF

         THE FORMER SOVIET UNION                                                      483                ......                   483
        OPERATING EXPENSES                                                            488                ......                   488

        PAYMENT TO THE FOREIGN SERVICE RETIREMENT

         AND DISABILITY FUND                                                           45                ......                    45
        OTHER                                                                         837                    37                   799
        PROPRIETARY RECEIPTS FROM THE PUBLIC                                       ......                ......                ......
        INTRABUDGETARY TRANSACTIONS                                                  (**)                ......                  (**)

          ;ATOTAL--AGENCY FOR INTERNATIONAL DEVELOPMENT                             3,537                   720                 2,817

      OVERSEAS PRIVATE INVESTMENT CORPORATION:

        OVERSEAS PRIVATE INVESTMENT CORPORATION ACCOUNT                               153                   230                   -77
        PROPRIETARY RECEIPTS FROM THE PUBLIC                                       ......                ......                ......

          ;ATOTAL--OVERSEAS PRIVATE INVESTMENT CORPORATION                            153                   230                   -77

      PEACE CORPS                                                                     221                  (**)                   221
      OTHER                                                                            77                ......                    77

        ;CTOTAL--INTERNATIONAL DEVELOPMENT ASSISTANCE                               3,987                   949                 3,037

    ;CINTERNATIONAL MONETARY PROGRAMS                                                -446                ......                  -446

    MILITARY SALES PROGRAMS:

      FOREIGN MILITARY SALES TRUST FUND                                             8,809                ......                 8,809
      OTHER                                                                            -2                     2                    -4
      PROPRIETARY RECEIPTS FROM THE PUBLIC                                         ......                 8,527                -8,527
    OTHER                                                                            (**)                ......                  (**)

      ;CTOTAL--INTERNATIONAL ASSISTANCE PROGRAM                                    22,729                10,103                12,626

  ;CNATIONAL AERONAUTICS AND SPACE ADMINISTRATION:

    HUMAN SPACE FLIGHT                                                              5,253                ......                 5,253
    SCIENCE, AERONAUTICS, AND TECHNOLOGY                                            6,043                ......                 6,043
    MISSION SUPPORT                                                                   489                ......                   489
    OTHER                                                                              22                ......                    22

      ;BTOTAL--NATIONAL AERONAUTICS AND SPACE



PAGE  20(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

       ADMINISTRATION                                                              11,807                ......                11,807

  ;CNATIONAL SCIENCE FOUNDATION:

    RESEARCH AND RELATED ACTIVITIES                                                 2,653                ......                 2,653
    EDUCATION AND HUMAN RESOURCES                                                     400                ......                   400
    OTHER                                                                             247                ......                   247

      ;ATOTAL--NATIONAL SCIENCE FOUNDATION                                          3,300                ......                 3,300

  OFFICE OF PERSONNEL MANAGEMENT:
    GOVERNMENT PAYMENT FOR ANNUITANTS, EMPLOYEES

     HEALTH AND LIFE INSURANCE BENEFITS                                             5,095                ......                 5,095

    PAYMENT TO CIVIL SERVICE RETIREMENT AND

     DISABILITY FUND                                                               ......                ......                ......
    CIVIL SERVICE RETIREMENT AND DISABILITY FUND                                   40,776                ......                40,776
    EMPLOYEES LIFE INSURANCE FUND                                                   1,628                 2,859                -1,231
    EMPLOYEES AND RETIRED EMPLOYEES HEALTH BENEFITS FUND                           18,672                19,412                  -741
    OTHER                                                                              37                ......                    37

    INTRABUDGETARY TRANSACTIONS:
      CIVIL SERVICE RETIREMENT AND DISABILITY FUND:

        GENERAL FUND CONTRIBUTIONS                                                 ......                ......                ......
        OTHER                                                                         -23                ......                   -23

      ;ATOTAL--OFFICE OF PERSONNEL MANAGEMENT                                      66,184                22,271                43,912

  SMALL BUSINESS ADMINISTRATION:
    PUBLIC ENTERPRISE FUNDS:

      BUSINESS LOAN FUND                                                              294                    69                   225
      DISASTER LOAN FUND                                                              321                    44                   277
      OTHER                                                                             3                     5                    -2
    OTHER                                                                             215                  (**)                   215
    PROPRIETARY RECEIPTS FROM THE PUBLIC                                           ......                    16                   -16

      ;ATOTAL--SMALL BUSINESS ADMINISTRATION                                          834                   134                   699

  SOCIAL SECURITY ADMINISTRATION:

    PAYMENTS TO SOCIAL SECURITY TRUST FUNDS                                        13,938                ......                13,938




PAGE  21(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
    SPECIAL BENEFITS FOR DISABLED COAL MINERS                                         376                ......                   376
    SUPPLEMENTAL SECURITY INCOME PROGRAM                                           27,994                ......                27,994

    ;CFEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST FUND
     (OFF-BUDGET):

      BENEFIT PAYMENTS                                                            319,145                ......               319,145
      ADMINISTRATIVE EXPENSES                                                       1,673                ......                 1,673
      PAYMENT TO RAILROAD RETIREMENT ACCOUNT                                        3,493                ......                 3,493
      OTHER                                                                        ......                ......                ......

        ;ATOTAL--FOASI TRUST FUND                                                 324,312                ......               324,312

    FEDERAL DISABILITY INSURANCE TRUST FUND
     (OFF-BUDGET):

      BENEFIT PAYMENTS                                                             53,112                ......                53,112
      ADMINISTRATIVE EXPENSES                                                       1,612                ......                 1,612
      PAYMENT TO RAILROAD RETIREMENT ACCOUNT                                          154                ......                   154
      OTHER                                                                          (**)                ......                  (**)

        ;ATOTAL--FDI TRUST FUND                                                    54,878                ......                54,878

    OTHER                                                                              28                ......                    28

    PROPRIETARY RECEIPTS FROM THE PUBLIC:

      ON-BUDGET                                                                    ......                 1,574                -1,574
      OFF-BUDGET                                                                   ......                    70                   -70

    INTRABUDGETARY TRANSACTIONS:

      OFF-BUDGET                                                                  -13,523                ......               -13,523

        ;ATOTAL--SOCIAL SECURITY ADMINISTRATION                                   408,004                 1,643               406,361

  ALLOWANCES                                                                       ......                ......                ......

  OTHER INDEPENDENT AGENCIES:

    APPALACHIAN REGIONAL COMMISSION                                                    89                     2                    87
    BROADCASTING BOARD OF GOVERNORS                                                   391                ......                   391
    CORPORATION FOR NATIONAL AND COMMUNITY SERVICE                                    659                ......                   659
    CORPORATION FOR PUBLIC BROADCASTING                                               375                ......                   375

    DISTRICT OF COLUMBIA:



PAGE  22(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      COURTS                                                                          112                  (**)                   112
      CORRECTIONS                                                                      47                ......                    47
      GENERAL AND SPECIAL PAYMENTS                                                    645                    35                   610
      FINANCING                                                                    ......                ......                ......
    EQUAL EMPLOYMENT OPPORTUNITY COMMISSION                                           268                     2                   265
    EXPORT-IMPORT BANK OF THE UNITED STATES                                         1,165                 1,287                  -122

    FEDERAL COMMUNICATIONS COMMISSION:

      UNIVERSAL SERVICE FUND                                                        4,167                ......                 4,167
      SPECTRUM AUCTION PROGRAM ACCOUNT                                                138                ......                   138
      OTHER                                                                           193                    17                   176

    ;CFEDERAL DEPOSIT INSURANCE CORPORATION:

      BANK INSURANCE FUND                                                           2,669                 2,384                   285
      SAVINGS ASSOCIATION INSURANCE FUND                                            1,381                 1,664                  -283

      FSLIC RESOLUTION FUND:

        RESOLUTION TRUST CORPORATION CLOSEOUT                                       1,546                 1,135                   412
        OTHER                                                                         102                   224                  -122
      OFFICE OF INSPECTOR GENERAL                                                      15                ......                    15

        ;ATOTAL--FEDERAL DEPOSIT INSURANCE CORPORATION                              5,714                 5,408                   306

    FEDERAL DRUG CONTROL PROGRAMS                                                     393                ......                   393
    LEGAL SERVICES CORPORATION                                                        278                ......                   278
    NATIONAL ARCHIVES AND RECORDS ADMINISTRATION                                      194                  (**)                   194
    NATIONAL CREDIT UNION ADMINISTRATION                                              133                   703                  -570
    NATIONAL ENDOWMENT FOR THE ARTS                                                    89                ......                    89
    NATIONAL ENDOWMENT FOR THE HUMANITIES                                              94                ......                    94
    INSTITUTE OF MUSEUM AND LIBRARY SERVICES                                          183                ......                   183
    NATIONAL LABOR RELATIONS BOARD                                                    188                ......                   188
    NUCLEAR REGULATORY COMMISSION                                                     431                   351                    81

    POSTAL SERVICE:

      PUBLIC ENTERPRISE FUNDS (OFF-BUDGET)                                         51,413                56,902                -5,489
      PAYMENTS TO THE POSTAL SERVICE FUND                                             771                ......                   771

    ;CRAILROAD RETIREMENT BOARD:

      FEDERAL WINDFALL SUBSIDY                                                        119                ......                   119
-


 PAGE  23(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      FEDERAL PAYMENTS TO THE RAILROAD RETIREMENT ACCOUNTS                            336                ......                   336

      RAILROAD UNEMPLOYMENT INSURANCE TRUST FUND:

        BENEFIT PAYMENTS                                                               84                ......                    84
        ADMINISTRATIVE EXPENSES                                                    ......                ......                ......

      RAIL INDUSTRY PENSION FUND:

        BENEFIT PAYMENTS                                                            2,663                ......                 2,663
        ADVANCES FROM FOASDI FUND                                                  -1,062                ......                -1,062
        OASDI CERTIFICATIONS                                                        1,062                ......                 1,062
        ADMINISTRATIVE EXPENSES                                                        80                ......                    80
        INTEREST ON REFUND OF TAXES                                                  (**)                ......                  (**)

        TRANSFERS TO THE NATIONAL RAILROAD RETIREMENT

         INVESTMENT TRUST                                                          ......                ......                ......
        OTHER                                                                           5                ......                     5

      NATIONAL RAILROAD RETIREMENT INVESTMENT TRUST:

        BENEFIT PAYMENTS                                                           ......                ......                ......
        ADMINISTRATIVE EXPENSES                                                    ......                ......                ......

        TRANSFERS TO THE RAILROAD RETIREMENT TRUST FUNDS FROM

         THE NATIONAL RAILROAD RETIREMENT INVESTMENT TRUST                         ......                ......                ......

      SUPPLEMENTAL ANNUITY PENSION FUND:

        BENEFIT PAYMENTS                                                               17                ......                    17
        INTEREST ON REFUND OF TAXES                                                  (**)                ......                  (**)

        TRANSFERS TO THE NATIONAL RAILROAD RETIREMENT

         INVESTMENT TRUST                                                          ......                ......                ......

      RAILROAD SOCIAL SECURITY EQUIVALENT BENEFIT ACCOUNT:

        BENEFIT PAYMENTS                                                            4,604                ......                 4,604
        INTEREST ON REFUND OF TAXES                                                  (**)                ......                  (**)

        TRANSFERS TO THE NATIONAL RAILROAD RETIREMENT

         INVESTMENT TRUST                                                          ......                ......                ......



PAGE  24(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
      OTHER                                                                        ......                ......                ......
      PROPRIETARY RECEIPTS FROM THE PUBLIC                                         ......                ......                ......

      INTRABUDGETARY TRANSACTIONS:
        PAYMENTS FROM OTHER FUNDS TO THE RAILROAD

         RETIREMENT TRUST FUNDS                                                    -3,647                ......                -3,647

        PAYMENTS FROM THE RAILROAD RETIREMENT TRUST FUNDS TO

         THE NATIONAL RAILROAD RETIREMENT INVESTMENT TRUST                         ......                ......                ......
        OTHER                                                                        -336                ......                  -336

          ;ATOTAL--RAILROAD RETIREMENT BOARD                                        3,925                ......                 3,925

    SECURITIES AND EXCHANGE COMMISSION                                               -222                ......                  -222
    SMITHSONIAN INSTITUTION                                                           492                ......                   492
    TENNESSEE VALLEY AUTHORITY                                                      8,760                 9,193                  -433
    OTHER                                                                           1,348                   315                 1,033

      ;CTOTAL--OTHER INDEPENDENT AGENCIES                                          82,435                74,217                 8,218

  ;CUNDISTRIBUTED OFFSETTING RECEIPTS:

    OTHER INTEREST                                                                 ......                     1                    -1
    DEPARTMENT OF DEFENSE MEDICARE-ELIGIBLE HEALTH CARE FUND                       ......                ......                ......

    ;CEMPLOYER SHARE, EMPLOYEE RETIREMENT:
      DEPARTMENT OF HEALTH AND HUMAN SERVICES:
        FEDERAL HOSPITAL INSURANCE TRUST FUND:

          FEDERAL EMPLOYER CONTRIBUTIONS                                           -1,794                ......                -1,794
          POSTAL SERVICE EMPLOYER CONTRIBUTIONS                                      -595                ......                  -595
          PAYMENTS FOR MILITARY SERVICE CREDITS                                    ......                ......                ......

      DEPARTMENT OF STATE:

        FOREIGN SERVICE RETIREMENT AND DISABILITY FUND                               -122                ......                  -122

      OTHER DEFENSE CIVIL PROGRAMS:

        MILITARY RETIREMENT FUND                                                  -10,723                ......               -10,723

      OFFICE OF PERSONNEL MANAGEMENT:

        CIVIL SERVICE RETIREMENT AND DISABILITY FUND                              -11,226                ......               -11,226



PAGE  25(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________

      SOCIAL SECURITY ADMINISTRATION (OFF-BUDGET):
        FEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST FUND:

          FEDERAL EMPLOYER CONTRIBUTIONS                                           -6,195                ......                -6,195
          PAYMENTS FOR MILITARY SERVICE CREDITS                                      -414                ......                  -414

        FEDERAL DISABILITY INSURANCE TRUST FUND:

          FEDERAL EMPLOYER CONTRIBUTIONS                                           -1,051                ......                -1,051
          PAYMENTS FOR MILITARY SERVICE CREDITS                                    ......                ......                ......
      OTHER                                                                            -2                ......                    -2

        ;ATOTAL--EMPLOYER SHARE, EMPLOYEE RETIREMENT                              -32,123                ......               -32,123

    INTEREST RECEIVED BY TRUST FUNDS:
      JUDICIAL BRANCH:

        JUDICIAL SURVIVORS ANNUITY FUND                                               -21                ......                   -21

      DEPARTMENT OF HEALTH AND HUMAN SERVICES:

        FEDERAL HOSPITAL INSURANCE TRUST FUND                                     -13,746                ......               -13,746
        FEDERAL SUPPLEMENTARY MEDICAL INSURANCE TRUST FUND                         -2,875                ......                -2,875

      DEPARTMENT OF HOMELAND SECURITY:

        OIL SPILL LIABILITY TRUST FUND                                                -28                ......                   -28
        OTHER                                                                         -17                ......                   -17

      DEPARTMENT OF LABOR:

        UNEMPLOYMENT TRUST FUND                                                    -5,380                ......                -5,380

      DEPARTMENT OF STATE:

        FOREIGN SERVICE RETIREMENT AND DISABILITY FUND                               -767                ......                  -767

      DEPARTMENT OF TRANSPORTATION:

        AIRPORT AND AIRWAY TRUST FUND                                                -828                ......                  -828
        HIGHWAY TRUST FUND                                                         ......                ......                ......

      DEPARTMENT OF VETERANS AFFAIRS:

        NATIONAL SERVICE LIFE INSURANCE FUND                                         -820                ......                  -820



PAGE  26(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                        TABLE 5.  OUTLAYS OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                         PRIOR FYTD            PRIOR FYTD            PRIOR FYTD
  CLASSIFICATION                                                        GROSS OUTLAYS      APPLICABLE RECEIPTS         OUTLAYS
+ _________________________________________________________________ _____________________ _____________________ _____________________
        UNITED STATES GOVERNMENT LIFE INSURANCE FUND                                   -4                ......                    -4
      CORPS OF ENGINEERS                                                              -63                ......                   -63

      OTHER DEFENSE CIVIL PROGRAMS:

        MILITARY RETIREMENT FUND                                                  -11,440                ......               -11,440
        EDUCATIONAL BENEFITS FUND                                                     -38                ......                   -38
        ARMED FORCES RETIREMENT HOME                                                    3                ......                     3
      ENVIRONMENTAL PROTECTION AGENCY                                                -263                ......                  -263
      NATIONAL AERONAUTICS AND SPACE ADMINISTRATION                                    -1                ......                    -1

      OFFICE OF PERSONNEL MANAGEMENT:

        CIVIL SERVICE RETIREMENT AND DISABILITY FUND                              -35,853                ......               -35,853

      SOCIAL SECURITY ADMINISTRATION (OFF-BUDGET):

        FEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST FUND                        -68,007                ......               -68,007
        FEDERAL DISABILITY INSURANCE TRUST FUND                                    -8,697                ......                -8,697

      INDEPENDENT AGENCIES:

        RAILROAD RETIREMENT BOARD                                                    -894                ......                  -894
        OTHER                                                                        -150                ......                  -150
      OTHER                                                                          -115                ......                  -115

        ;ATOTAL--INTEREST RECEIVED BY TRUST FUNDS                                -150,002                ......              -150,002

    RENTS AND ROYALTIES ON THE OUTER CONTINENTAL SHELF LANDS                       ......                 4,386                -4,386
    SALE OF MAJOR ASSETS                                                           ......                ......                ......
    SPECTRUM AUCTION PROCEEDS                                                      ......                ......                ......

      ;CTOTAL--UNDISTRIBUTED OFFSETTING RECEIPTS                                 -182,125                 4,387              -186,512
    ;CTOTAL OUTLAYS                                                             1,862,901               181,523             1,681,378

      ;CTOTAL ON-BUDGET                                                         1,530,186               124,552             1,405,634
      ;CTOTAL OFF-BUDGET                                                          332,715                56,972               275,744
    ;CTOTAL SURPLUS (+) OR DEFICIT                                                                                           -145,470
      ;CTOTAL ON-BUDGET                                                                                                      -301,098
      ;CTOTAL OFF-BUDGET                                                                                                      155,629
-
-




PAGE  27(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                 TABLE 5. (MEMORANDUM) - RECEIPTS OFFSET AGAINST OUTLAYS (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                                   CURRENT FISCAL          PRIOR FISCAL
            CLASSIFICATION                                                          YEAR TO DATE           YEAR TO DATE
+           _________________________________________________________________  _____________________  _____________________
             MEMORANDUM

               PROPRIETARY RECEIPTS                                                           58,129                 51,307
               RECEIPTS FROM OFF-BUDGET FEDERAL ENTITIES                                      ......                 ......
               INTRABUDGETARY TRANSACTIONS                                                   343,634                297,258
               GOVERNMENTAL RECEIPTS                                                           3,206                  3,078

                    TOTAL RECEIPTS OFFSET AGAINST OUTLAYS                                    404,968                351,643
-
-
-
-
-
-
-
-
-
-
-
-
-
 


PAGE   1(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                TABLE 6.  MEANS OF FINANCING THE DEFICIT OR DISPOSITION OF SURPLUS BY THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                          NET TRANS             NET TRANS             NET TRANS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________
  LIABILITY ACCOUNTS:
    BORROWING FROM THE PUBLIC:
      TREASURY SECURITIES, ISSUED UNDER GENERAL
       FINANCING AUTHORITIES:

        DEBT HELD BY THE PUBLIC                                                    86,062               349,714               161,142
        INTRAGOVERNMENTAL HOLDINGS                                                 -4,989               173,246               191,136

          ;BTOTAL TREASURY SECURITIES OUTSTANDING                                  81,074               522,959               352,277

            ;CPLUS PREMIUM ON TREASURY SECURITIES                                     -47                   747                   383
            LESS DISCOUNT ON TREASURY SECURITIES                                    1,817                -5,599                -6,579

              ;CTOTAL TREASURY SECURITIES NET OF

               PREMIUM AND DISCOUNT                                                79,210               529,304               359,240

      ;CAGENCY SECURITIES, ISSUED UNDER SPECIAL FINANCING
       AUTHORITIES (SEE SCHEDULE B. FOR OTHER AGENCY

        BORROWING, SEE SCHEDULE C)                                                    -23                  -184                  -470

        ;CTOTAL FEDERAL SECURITIES                                                 79,187               529,120               358,770

          ;CDEDUCT:
            FEDERAL SECURITIES HELD AS INVESTMENTS

             OF GOVERNMENT ACCOUNTS (SEE SCHEDULE D)                               -4,973               173,221               191,121

              LESS DISCOUNT ON FEDERAL SECURITIES HELD AS

               INVESTMENTS OF GOVERNMENT ACCOUNTS                                   1,765                -3,236                  -142

                ;BNET FEDERAL SECURITIES HELD AS INVESTMENTS

                 OF GOVERNMENT ACCOUNTS                                            -6,738               176,457               191,263
                  ;CTOTAL BORROWING FROM THE PUBLIC                                85,926               352,663               167,507

    ;CACCRUED INTEREST PAYABLE TO THE PUBLIC                                        5,724                 5,665                   909
    ALLOCATIONS OF SPECIAL DRAWING RIGHTS                                             -44                   339                   164
    DEPOSIT FUNDS                                                                  -1,398                 1,443                   432

    MISCELLANEOUS LIABILITY ACCOUNTS (INCLUDES CHECKS

     OUTSTANDING ETC.)                                                                -41                -2,550                -7,452
-


 PAGE   1(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                TABLE 6.  MEANS OF FINANCING THE DEFICIT OR DISPOSITION OF SURPLUS BY THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                          NET TRANS             NET TRANS             NET TRANS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________

       ;CTOTAL LIABILITY ACCOUNTS                                                  90,167               357,562               161,559

  ;CASSET ACCOUNTS (DEDUCT)
    CASH AND MONETARY ASSETS:
      U.S. TREASURY OPERATING CASH:

        FEDERAL RESERVE ACCOUNT                                                      -583                -1,523                -3,554
        TAX AND LOAN NOTE ACCOUNTS                                                 15,646               -14,254                  -870

          ;ABALANCE                                                                15,063               -15,777                -4,424

      SPECIAL DRAWING RIGHTS:

        TOTAL HOLDINGS                                                                -75                   -64                   656
        SDR CERTIFICATES ISSUED TO FEDERAL RESERVE BANKS                           ......                ......                ......

          ;ABALANCE                                                                   -75                   -64                   656

      RESERVE POSITION ON THE U.S. QUOTA IN THE IMF:
        U.S. SUBSCRIPTION TO INTERNATIONAL MONETARY FUND:

          DIRECT QUOTA PAYMENTS                                                    ......                ......                ......
          MAINTENANCE OF VALUE ADJUSTMENTS                                           -331                 2,573                 1,244
        LETTER OF CREDIT ISSUED TO IMF                                               -321                   781                 1,001
        DOLLAR DEPOSITS WITH THE IMF                                                   -4                    -9                    10

        RECEIVABLE/PAYABLE (-) FOR INTERIM MAINTENANCE

         OF VALUE ADJUSTMENTS                                                         185                -1,465                  -798

          ;ABALANCE                                                                  -471                 1,879                 1,457

      LOANS TO INTERNATIONAL MONETARY FUND                                         ......                ......                ......
      OTHER CASH AND MONETARY ASSETS                                               25,952                33,545                13,674

        ;CTOTAL CASH AND MONETARY ASSETS                                           40,470                19,583                11,362

    ;CNON-FEDERAL SECURITIES OF THE NATIONAL RAILROAD

     RETIREMENT INVESTMENT TRUST                                                      249                19,637                ......
    NET ACTIVITY, GUARANTEED LOAN FINANCING                                           305                 1,930                    36
    NET ACTIVITY, DIRECT LOAN FINANCING                                              -874                -3,716                 5,173
    MISCELLANEOUS ASSET ACCOUNTS                                                   -4,046                -3,430                -3,893

       ;CTOTAL ASSET ACCOUNTS                                                      36,104                34,004                12,677



PAGE   2(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                TABLE 6.  MEANS OF FINANCING THE DEFICIT OR DISPOSITION OF SURPLUS BY THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                          NET TRANS             NET TRANS             NET TRANS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________
  ;CEXCESS OF LIABILITIES (+) OR ASSETS (-)                                        54,064               323,558               148,882

  ;CTRANSACTIONS NOT APPLIED TO CURRENT YEAR'S SURPLUS

   OR DEFICIT (SEE SCHEDULE A FOR DETAILS)                                            177                   421                -3,412

  ;CTOTAL BUDGET AND OFF-BUDGET FEDERAL ENTITIES
   (FINANCING OF DEFICIT (+) OR DISPOSITION OF

    SURPLUS (-))                                                                   54,241               323,978               145,470
-
-
-
-
-
-
-
-
-
-
-
-



PAGE   3(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                TABLE 6.  MEANS OF FINANCING THE DEFICIT OR DISPOSITION OF SURPLUS BY THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                      ACCOUNT BALANCES      ACCOUNT BALANCES      ACCOUNT BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________
  LIABILITY ACCOUNTS:
    BORROWING FROM THE PUBLIC:
      TREASURY SECURITIES, ISSUED UNDER GENERAL
       FINANCING AUTHORITIES:

        DEBT HELD BY THE PUBLIC                                                 3,553,180            3,816,831             3,902,894
        INTRAGOVERNMENTAL HOLDINGS                                              2,675,056             2,853,290             2,848,301

          ;BTOTAL TREASURY SECURITIES OUTSTANDING                               6,228,236             6,670,121             6,751,195

            ;CPLUS PREMIUM ON TREASURY SECURITIES                                   3,525                 4,319                 4,272
            LESS DISCOUNT ON TREASURY SECURITIES                                   60,803                53,387                55,205

              ;CTOTAL TREASURY SECURITIES NET OF

               PREMIUM AND DISCOUNT                                             6,170,959             6,621,053             6,700,263

      ;CAGENCY SECURITIES, ISSUED UNDER SPECIAL FINANCING
       AUTHORITIES (SEE SCHEDULE B. FOR OTHER AGENCY

        BORROWING, SEE SCHEDULE C)                                                 27,170                27,009                26,986

        ;CTOTAL FEDERAL SECURITIES                                              6,198,129             6,648,062             6,727,249

          ;CDEDUCT:
            FEDERAL SECURITIES HELD AS INVESTMENTS

             OF GOVERNMENT ACCOUNTS (SEE SCHEDULE D)                            2,675,648             2,853,842             2,848,868

              LESS DISCOUNT ON FEDERAL SECURITIES HELD AS

               INVESTMENTS OF GOVERNMENT ACCOUNTS                                  17,673                12,672                14,437

                ;BNET FEDERAL SECURITIES HELD AS INVESTMENTS

                 OF GOVERNMENT ACCOUNTS                                         2,657,974             2,841,170             2,834,431
                  ;CTOTAL BORROWING FROM THE PUBLIC                             3,540,155             3,806,892             3,892,818

    ;CACCRUED INTEREST PAYABLE TO THE PUBLIC                                       32,869                32,810                38,534

    ALLOCATIONS OF SPECIAL DRAWING RIGHTS                                           6,481                 6,864                 6,820
    DEPOSIT FUNDS                                                                   7,186                10,027                 8,629

    MISCELLANEOUS LIABILITY ACCOUNTS (INCLUDES CHECKS

     OUTSTANDING ETC.)                                                              8,098                 5,589                 5,548
-


 PAGE   1(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                TABLE 6.  MEANS OF FINANCING THE DEFICIT OR DISPOSITION OF SURPLUS BY THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                      ACCOUNT BALANCES      ACCOUNT BALANCES      ACCOUNT BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________

       ;CTOTAL LIABILITY ACCOUNTS                                               3,594,788             3,862,182             3,952,349

  ;CASSET ACCOUNTS (DEDUCT)
    CASH AND MONETARY ASSETS:
      U.S. TREASURY OPERATING CASH:

        FEDERAL RESERVE ACCOUNT                                                     7,879                 6,939                 6,356
        TAX AND LOAN NOTE ACCOUNTS                                                 53,007                23,106                38,752

          ;ABALANCE                                                                60,886                30,045                45,108

      SPECIAL DRAWING RIGHTS:

        TOTAL HOLDINGS                                                             11,710                11,720                11,646
        SDR CERTIFICATES ISSUED TO FEDERAL RESERVE BANKS                           -2,200                -2,200                -2,200

          ;ABALANCE                                                                 9,510                 9,520                 9,446

      RESERVE POSITION ON THE U.S. QUOTA IN THE IMF:
        U.S. SUBSCRIPTION TO INTERNATIONAL MONETARY FUND:

          DIRECT QUOTA PAYMENTS                                                    46,525                46,525                46,525
          MAINTENANCE OF VALUE ADJUSTMENTS                                          2,612                 5,516                 5,185
        LETTER OF CREDIT ISSUED TO IMF                                            -26,876               -25,774               -26,095
        DOLLAR DEPOSITS WITH THE IMF                                                 -113                  -117                  -121

        RECEIVABLE/PAYABLE (-) FOR INTERIM MAINTENANCE

         OF VALUE ADJUSTMENTS                                                      -1,284                -2,935                -2,750

          ;ABALANCE                                                                20,864                23,215                22,744

      LOANS TO INTERNATIONAL MONETARY FUND                                         ......                ......                ......
      OTHER CASH AND MONETARY ASSETS                                               49,834                57,427                83,379

        ;CTOTAL CASH AND MONETARY ASSETS                                          141,093               120,207               160,676

    ;CNON-FEDERAL SECURITIES OF THE NATIONAL RAILROAD

     RETIREMENT INVESTMENT TRUST                                                    1,500                20,889                21,138
    NET ACTIVITY, GUARANTEED LOAN FINANCING                                       -16,293               -14,668               -14,363
    NET ACTIVITY, DIRECT LOAN FINANCING                                           139,306               136,464               135,590
    MISCELLANEOUS ASSET ACCOUNTS                                                      376                   992                -3,054

       ;CTOTAL ASSET ACCOUNTS                                                     265,983               263,884               299,987



PAGE   2(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                TABLE 6.  MEANS OF FINANCING THE DEFICIT OR DISPOSITION OF SURPLUS BY THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                      ACCOUNT BALANCES      ACCOUNT BALANCES      ACCOUNT BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________
  ;CEXCESS OF LIABILITIES (+) OR ASSETS (-)                                     3,328,804             3,598,298             3,652,362

  ;CTRANSACTIONS NOT APPLIED TO CURRENT YEAR'S SURPLUS

   OR DEFICIT (SEE SCHEDULE A FOR DETAILS)                                         ......                   244                   421

  ;CTOTAL BUDGET AND OFF-BUDGET FEDERAL ENTITIES
   (FINANCING OF DEFICIT (+) OR DISPOSITION OF

    SURPLUS (-))                                                                3,328,804             3,598,542             3,652,783
-
-
-
-
-
-
-
-
-
-
-
-



PAGE   3(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                TABLE 6. SCHEDULE A - ANALYSIS OF CHANGE IN EXCESS OF LIABILITIES OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                                           FISCAL YEAR TO DATE   FISCAL YEAR TO DATE
  CLASSIFICATION                                                          THIS MONTH            THIS YEAR             PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________
  EXCESS OF LIABILITIES BEGINNING OF PERIOD:
    BASED ON COMPOSITION OF UNIFIED BUDGET IN

     PRECEDING PERIOD                                                           3,599,033             3,330,364             3,167,986

      ADJUSTMENTS DURING CURRENT FISCAL YEAR FOR
       CHANGES IN COMPOSITION OF UNIFIED BUDGET:

  -                                                                                ......                ......                ......
        REVISIONS BY FEDERAL AGENCIES TO THE PRIOR BUDGET RESULTS                    -735                -1,560                   226
  -                                                                                ......                ......                ......
  -                                                                                ......                ......                ......
  EXCESS OF LIABILITIES BEGINNING OF PERIOD (CURRENT BASIS)                     3,598,298             3,328,804             3,168,212

  ;CBUDGET SURPLUS (-) OR DEFICIT:

        BASED ON COMPOSITION OF UNIFIED BUDGET IN PRIOR FISCAL YR                  54,241               323,978               145,470

        CHANGES IN COMPOSITION OF UNIFIED BUDGET                                   ......                ......                ......

  TOTAL SURPLUS (-) OR DEFICIT (TABLE 2)                                           54,241               323,978               145,470
    ;CTOTAL-ON-BUDGET (TABLE 2)                                                    58,535               480,326               301,098
    ;CTOTAL-OFF-BUDGET (TABLE 2)                                                   -4,295              -156,348              -155,629

  ;CTRANSACTIONS NOT APPLIED TO CURRENT YEAR'S SURPLUS OR DEFICIT:

    SEIGNIORAGE                                                                      -180                  -467                  -385
    PREMIUM/DISCOUNT ON BUYBACK OF U.S. TREASURY SECURITIES                        ......                ......                 3,800
    PROFIT ON SALE OF GOLD                                                             -5                    -5                    -3
    RECLASSIFICATION OF AGED UNRECONCILED ACCOUNTS                                      8                    51                     1
    OTHER                                                                          ......                ......                ......

      ;BTOTAL-TRANSACTIONS NOT APPLIED TO CURRENT YEAR'S

       SURPLUS OR DEFICIT                                                            -177                  -421                 3,412
  ;CEXCESS OF LIABILITIES CLOSE OF PERIOD                                       3,652,362             3,652,362             3,317,094
-
-
-
-


 PAGE   1(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
             TABLE 6. SCHEDULE B - SECURITIES ISSUED BY FEDERAL AGENCIES UNDER SPECIAL FINANCING AUTHORITIES (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                          NET TRANS             NET TRANS             NET TRANS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________
  AGENCY SECURITIES, ISSUED UNDER SPECIAL FINANCING
   AUTHORITIES:
    OBLIGATIONS OF THE UNITED STATES, ISSUED BY:
      FEDERAL DEPOSIT INSURANCE CORPORATION:

        FSLIC RESOLUTION FUND                                                      ......                ......                ......

    OBLIGATIONS GUARANTEED BY THE UNITED STATES,
     ISSUED BY:
      DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:

        FEDERAL HOUSING ADMINISTRATION                                                 20                   -51                   -15

    OBLIGATIONS NOT GUARANTEED BY THE UNITED STATES,
     ISSUED BY:
      LEGISLATIVE BRANCH:

        ARCHITECT OF THE CAPITOL                                                        1                     4                     4

      INDEPENDENT AGENCIES:

        FARM CREDIT SYSTEM FINANCIAL ASSISTANCE CORPORATION                        ......                ......                ......
        FEDERAL COMMUNICATIONS COMMISSION                                          ......                   -55                ......
        NATIONAL ARCHIVES AND RECORDS ADMINISTRATION                               ......                    -4                    -3
        POSTAL SERVICE                                                             ......                ......                ......
        TENNESSEE VALLEY AUTHORITY                                                    -44                   -79                  -455
      OTHER                                                                        ......                ......                ......

          ;BTOTAL AGENCY SECURITIES                                                   -23                  -184                  -470
-
-
-
-
-
-
 


PAGE   1(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
             TABLE 6. SCHEDULE B - SECURITIES ISSUED BY FEDERAL AGENCIES UNDER SPECIAL FINANCING AUTHORITIES (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                      ACCOUNT BALANCES      ACCOUNT BALANCES      ACCOUNT BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________
  AGENCY SECURITIES, ISSUED UNDER SPECIAL FINANCING
   AUTHORITIES:
    OBLIGATIONS OF THE UNITED STATES, ISSUED BY:
      FEDERAL DEPOSIT INSURANCE CORPORATION:

        FSLIC RESOLUTION FUND                                                      ......                ......                ......

    OBLIGATIONS GUARANTEED BY THE UNITED STATES,
     ISSUED BY:
      DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:

        FEDERAL HOUSING ADMINISTRATION                                                298                   227                   247

    OBLIGATIONS NOT GUARANTEED BY THE UNITED STATES,
     ISSUED BY:
      LEGISLATIVE BRANCH:

        ARCHITECT OF THE CAPITOL                                                      168                   171                   172

      INDEPENDENT AGENCIES:

        FARM CREDIT SYSTEM FINANCIAL ASSISTANCE CORPORATION                           775                   775                   775
        FEDERAL COMMUNICATIONS COMMISSION                                             114                    60                    60
        NATIONAL ARCHIVES AND RECORDS ADMINISTRATION                                  258                   255                   255
        POSTAL SERVICE                                                             ......                ......                ......
        TENNESSEE VALLEY AUTHORITY                                                 25,557                25,522                25,478
      OTHER                                                                        ......                ......                ......

          ;BTOTAL AGENCY SECURITIES                                                27,170                27,009                26,986
-
-
-
-
-
-
 PAGE   1(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                       TABLE 6. SCHEDULE C (MEMORANDUM) - FEDERAL AGENCY BORROWING FINANCED THROUGH THE ISSUE OF
                                                 PUBLIC DEBT SECURITIES  (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                            TRANS                 TRANS                 TRANS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________
  BORROWING FROM THE TREASURY:
    DEPARTMENT OF AGRICULTURE:
      FARM SERVICE AGENCY:

        COMMODITY CREDIT CORPORATION                                                  476                -1,365                -5,782
        AGRICULTURAL CREDIT INSURANCE FUND                                         ......                   699                 1,055
        FARM STORAGE FACILITY LOANS                                                ......                    -2                   100
        APPLE LOANS FUND                                                           ......                ......                ......
        EMERGENCY BOLL WEEVIL LOAN FUND                                            ......                ......                ......
      NATURAL RESOURCES CONSERVATION SERVICE                                       ......                ......                ......

      RURAL HOUSING SERVICE:

        RURAL HOUSING INSURANCE                                                    ......                   813                 1,015
        RURAL COMMUNITY FACILITY LOANS FUND                                        ......                   207                   238

      RURAL BUSINESS - COOPERATIVE SERVICE:

        RURAL BUSINESS AND INDUSTRY LOANS                                          ......                ......                    27
        RURAL DEVELOPMENT LOAN FUND                                                ......                    20                    20
        RURAL ECONOMIC DEVELOPMENT LOAN FUND                                       ......                    11                    11

      RURAL UTILITIES SERVICE:

        RURAL WATER AND WASTE DISPOSAL FUND                                        ......                   531                   235
        RURAL COMMUNICATION DEVELOPMENT FUND                                       ......                ......                ......
        RURAL ELECTRIFICATION AND TELECOMMUNICATIONS FUND                          ......                   -72                   584
        RURAL TELEPHONE BANK                                                       ......                ......                    69
        DISTANCE LEARNING AND TELEMEDICINE PROGRAM                                 ......                    26                    47
        RURAL DEVELOPMENT INSURANCE FUND                                           ......                  -230                  -160
      FOREIGN AGRICULTURAL SERVICE                                                 ......                   361                   -81

    DEPARTMENT OF COMMERCE:
      DEPARTMENTAL MANAGEMENT:

        EMERGENCY STEEL GUARANTEED LOAN FUND                                       ......                ......                    79

      NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION:

        FISHERIES FINANCE                                                               1                    25                    12
        FISHING VESSEL OBLIGATIONS                                                 ......                ......                    -1

    DEPARTMENT OF DEFENSE - MILITARY:

      FAMILY HOUSING IMPROVEMENT LOANS                                                  1                     9                    32



PAGE   1(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                       TABLE 6. SCHEDULE C (MEMORANDUM) - FEDERAL AGENCY BORROWING FINANCED THROUGH THE ISSUE OF
                                                 PUBLIC DEBT SECURITIES  (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                            TRANS                 TRANS                 TRANS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________

    DEPARTMENT OF EDUCATION:

      COLLEGE HOUSING AND ACADEMIC FACILITIES LOANS                                ......                    -3                    -2
      FEDERAL DIRECT STUDENT LOANS                                                  4,869                13,816                20,605
      FEDERAL FAMILY EDUCATION LOANS                                               ......                ......                ......

    DEPARTMENT OF ENERGY:

      BONNEVILLE POWER ADMINISTRATION FUND                                             98                   233                   240

    DEPARTMENT OF HOMELAND SECURITY:

      OIL SPILL RECOVERY FUND                                                      ......                ......                ......
      NATIONAL FLOOD INSURANCE FUND                                                ......                   -10                  -370
      DISASTER ASSISTANCE LOAN FUND                                                ......                ......                    -1

    DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
      PUBLIC AND INDIAN HOUSING PROGRAMS:

        LOW-RENT PUBLIC HOUSING - LOANS AND OTHER EXPENSES                         ......                    25                    25
        NATIVE HAWAIIAN HOUSING LOANS                                              ......                ......                ......

      HOUSING PROGRAMS:

        FEDERAL HOUSING ADMINISTRATION                                             ......                 1,800                 1,000
        HOUSING FOR THE ELDERLY AND HANDICAPPED                                    ......                ......                ......

    DEPARTMENT OF THE INTERIOR:

      HELIUM FUND                                                                  ......                ......                ......
      BUREAU OF RECLAMATION LOAN FUND                                              ......                  (**)                     8
      BUREAU OF INDIAN AFFAIRS                                                     ......                ......                ......
      ASSISTANCE TO AMERICAN SAMOA LOAN FUND                                       ......                     3                     2

    DEPARTMENT OF JUSTICE:

      FEDERAL PRISON INDUSTRIES, INCORPORATED                                      ......                ......                ......

    DEPARTMENT OF STATE:

      REPATRIATION LOANS                                                             (**)                  (**)                ......

    DEPARTMENT OF TRANSPORTATION:
-


 PAGE   2(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                       TABLE 6. SCHEDULE C (MEMORANDUM) - FEDERAL AGENCY BORROWING FINANCED THROUGH THE ISSUE OF
                                                 PUBLIC DEBT SECURITIES  (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                            TRANS                 TRANS                 TRANS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________

      MINORITY BUSINESS RESOURCE CENTER FUND                                       ......                ......                ......

      FEDERAL AVIATION ADMINISTRATION:

        AIRCRAFT PURCHASE LOAN GUARANTEE PROGRAM                                   ......                ......                ......

      FEDERAL HIGHWAY ADMINISTRATION:

        TRANSPORTATION INFRASTRUCTURE FINANCE AND INNOVATION FUND                  ......                    82                    51

      FEDERAL RAILROAD ADMINISTRATION:

        ALAMEDA CORRIDOR PROJECT                                                   ......                ......                    28
        RAILROAD REHABILITATION AND IMPROVEMENT LOAN FUND                               1                     8                   100
        AMTRAK CORRIDOR IMPROVEMENT LOANS                                          ......                ......                ......
        OTHER                                                                      ......                ......                ......

      MARITIME ADMINISTRATION:

        OCEAN FREIGHT DIFFERENTIAL                                                 ......                    73                ......
        MARITIME GUARANTEED LOAN (TITLE XI) FUND                                   ......                ......                   146

    DEPARTMENT OF TREASURY:
      DEPARTMENTAL OFFICES:

        AIR TRANSPORTATION STABILIZATION FUND                                      ......                ......                ......
        COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND                            (**)                     8                     7
        REPUBLIC OF TURKEY LOAN FUND                                               ......                ......                ......
      FEDERAL FINANCING BANK REVOLVING FUND                                           159                12,941                -4,985

    DEPARTMENT OF VETERANS AFFAIRS:

      VETERANS HOUSING BENEFIT PROGRAM FUND                                        ......                 1,322                 2,797
      NATIVE AMERICAN VETERAN HOUSING FUND                                         ......                     8                     9
      VOCATIONAL REHABILITATION LOAN FUND                                          ......                     3                     2

    CORPS OF ENGINEERS:

      WASHINGTON AQUEDUCT                                                            (**)                    -7                    -6

    ENVIRONMENTAL PROTECTION AGENCY:

      ABATEMENT, CONTROL, AND COMPLIANCE LOAN PROGRAM                              ......                  (**)                    -5
-


 PAGE   3(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                       TABLE 6. SCHEDULE C (MEMORANDUM) - FEDERAL AGENCY BORROWING FINANCED THROUGH THE ISSUE OF
                                                 PUBLIC DEBT SECURITIES  (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                            TRANS                 TRANS                 TRANS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________

    GENERAL SERVICES ADMINISTRATION:

      COLUMBIA HOSPITAL FOR WOMEN                                                  ......                ......                ......
      LAND AQUISITION AND DEVELOPMENT FUND                                         ......                ......                ......

    INTERNATIONAL ASSISTANCE PROGRAM:
      INTERNATIONAL SECURITY ASSISTANCE:

        FOREIGN MILITARY LOAN PROGRAM                                              ......                   601                   243
        MILITARY DEBT REDUCTION                                                      (**)                    30                ......

      AGENCY FOR INTERNATIONAL DEVELOPMENT:

        INTERNATIONAL DEBT REDUCTION                                               ......                ......                ......
        HOUSING AND OTHER CREDIT GUARANTY PROGRAMS                                 ......                ......                ......
        MICROENTERPRISE AND SMALL ENTERPRISE DEVELOPMENT                           ......                ......                ......
        DEVELOPMENT CREDIT AUTHORITY LOAN FUND                                     ......                ......                ......
      OVERSEAS PRIVATE INVESTMENT CORPORATION                                           5                    45                    59

    SMALL BUSINESS ADMINISTRATION:

      BUSINESS LOAN FUND                                                           ......                   177                    11
      DISASTER LOAN FUND                                                           ......                -3,745                   555

    INDEPENDENT AGENCIES:

      EXPORT-IMPORT BANK OF THE UNITED STATES                                      ......                   643                  -814

      FEDERAL COMMUNICATIONS COMMISSION:

        SPECTRUM AUCTION LOAN FUND                                                 ......                    25                     3
      PRESIDIO TRUST FUND                                                          ......                ......                ......

      RAILROAD RETIREMENT BOARD:

        RAIL INDUSTRY PENSION FUND                                                 ......                ......                ......
        SOCIAL SECURITY EQUIVALENT BENEFIT ACCOUNT                                    275                  -451                  -542

      SMITHSONIAN INSTITUTION:

        JOHN F. KENNEDY CENTER PARKING FACILITIES                                  ......                ......                ......
      TENNESSEE VALLEY AUTHORITY                                                      150                   150                ......
    OTHER                                                                          ......                ......                ......
-


 PAGE   4(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                       TABLE 6. SCHEDULE C (MEMORANDUM) - FEDERAL AGENCY BORROWING FINANCED THROUGH THE ISSUE OF
                                                 PUBLIC DEBT SECURITIES  (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                            TRANS                 TRANS                 TRANS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________

       ;BTOTAL AGENCY BORROWING FROM THE TREASURY

        FINANCED THROUGH TREASURY SECURITIES ISSUED                                 6,035                28,810                16,669

  ;CBORROWING FROM THE FEDERAL FINANCING BANK:
    DEPARTMENT OF AGRICULTURE:
      FARM SERVICE AGENCY:

        AGRICULTURAL CREDIT INSURANCE FUND                                         ......                ......                ......

      RURAL HOUSING SERVICE:

        RURAL HOUSING INSURANCE FUND                                               ......                  -375                  -540

      RURAL UTILITIES SERVICE:

        RURAL ELECTRIFICATION AND TELECOMMUNICATIONS FUND                             278                 1,639                   739
        RURAL DEVELOPMENT INSURANCE FUND                                           ......                ......                -1,360

    DEPARTMENT OF DEFENSE - MILITARY:

      DEPARTMENT OF THE NAVY                                                       ......                ......                ......
      DEFENSE AGENCIES                                                                -98                  -173                  -160

    DEPARTMENT OF EDUCATION:
      HISTORICALLY BLACK COLLEGE AND UNIVERSITY CAPITAL

       FINANCING FUND                                                                (**)                     9                    33

    DEPARTMENT OF HEALTH AND HUMAN SERVICES:

      MEDICAL FACILITIES GUARANTEE AND LOAN FUND                                   ......                ......                ......

      HEALTH MAINTENANCE ORGANIZATION LOAN AND

       LOAN GUARANTEE FUND                                                         ......                ......                ......

    DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:

      LOW-RENT HOUSING - LOANS AND OTHER EXPENSES                                  ......                   -74                   -71
      COMMUNITY DEVELOPMENT GRANTS                                                     -1                    -2                    -2

    DEPARTMENT OF THE INTERIOR:
-



 PAGE   5(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                       TABLE 6. SCHEDULE C (MEMORANDUM) - FEDERAL AGENCY BORROWING FINANCED THROUGH THE ISSUE OF
                                                 PUBLIC DEBT SECURITIES  (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                            TRANS                 TRANS                 TRANS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________

      ASSISTANCE TO TERRITORIES                                                        -1                    -2                    -2

    DEPARTMENT OF TRANSPORTATION:

      RAILROAD REHABILITATION AND IMPROVEMENT LOAN FUND                            ......                  (**)                  (**)

    GENERAL SERVICES ADMINISTRATION:

      FEDERAL BUILDINGS FUND                                                           -4                   -60                   -60

    INTERNATIONAL ASSISTANCE PROGRAM:

      FOREIGN MILITARY FINANCING PROGRAM                                              -12                  -183                  -183

    NATIONAL AERONAUTICS AND SPACE ADMINISTRATION:

      SPACE FLIGHT, CONTROL AND DATA COMMUNICATIONS                                ......                ......                ......

    SMALL BUSINESS ADMINISTRATION:

      BUSINESS LOAN FUND                                                               -2                   -22                   -26

    INDEPENDENT AGENCIES:

      NATIONAL CREDIT UNION ADMINISTRATION                                         ......                ......                ......
      POSTAL SERVICE                                                                 (**)                -3,841                -3,363
      TENNESSEE VALLEY AUTHORITY                                                   ......                ......                ......
    OTHER                                                                          ......                ......                ......

       ;BTOTAL BORROWING FROM THE FEDERAL FINANCING BANK                              161                -3,083                -4,995
-
-
-
-
-



PAGE   6(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                       TABLE 6. SCHEDULE C (MEMORANDUM) - FEDERAL AGENCY BORROWING FINANCED THROUGH THE ISSUE OF
                                                 PUBLIC DEBT SECURITIES  (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                      ACCOUNT BALANCES      ACCOUNT BALANCES      ACCOUNT BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________
  BORROWING FROM THE TREASURY:
    DEPARTMENT OF AGRICULTURE:
      FARM SERVICE AGENCY:

        COMMODITY CREDIT CORPORATION                                               19,234                17,393                17,869
        AGRICULTURAL CREDIT INSURANCE FUND                                          5,550                 6,248                 6,248
        FARM STORAGE FACILITY LOANS                                                   261                   259                   259
        APPLE LOANS FUND                                                               20                    20                    20
        EMERGENCY BOLL WEEVIL LOAN FUND                                                 4                     4                     4
      NATURAL RESOURCES CONSERVATION SERVICE                                            5                     5                     5

      RURAL HOUSING SERVICE:

        RURAL HOUSING INSURANCE                                                     9,708                10,520                10,520
        RURAL COMMUNITY FACILITY LOANS FUND                                         1,072                 1,279                 1,279

      RURAL BUSINESS - COOPERATIVE SERVICE:

        RURAL BUSINESS AND INDUSTRY LOANS                                             140                   140                   140
        RURAL DEVELOPMENT LOAN FUND                                                   201                   221                   221
        RURAL ECONOMIC DEVELOPMENT LOAN FUND                                           76                    87                    87

      RURAL UTILITIES SERVICE:

        RURAL WATER AND WASTE DISPOSAL FUND                                         4,374                 4,905                 4,905
        RURAL COMMUNICATION DEVELOPMENT FUND                                           25                    25                    25
        RURAL ELECTRIFICATION AND TELECOMMUNICATIONS FUND                          11,070                10,998                10,998
        RURAL TELEPHONE BANK                                                          323                   323                   323
        DISTANCE LEARNING AND TELEMEDICINE PROGRAM                                     49                    75                    75
        RURAL DEVELOPMENT INSURANCE FUND                                              471                   241                   241
      FOREIGN AGRICULTURAL SERVICE                                                    906                 1,266                 1,266

    DEPARTMENT OF COMMERCE:
      DEPARTMENTAL MANAGEMENT:

        EMERGENCY STEEL GUARANTEED LOAN FUND                                           79                    79                    79

      NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION:

        FISHERIES FINANCE                                                             170                   195                   196
        FISHING VESSEL OBLIGATIONS                                                     13                    13                    13

    DEPARTMENT OF DEFENSE - MILITARY:

      FAMILY HOUSING IMPROVEMENT LOANS                                                 44                    53                    53



PAGE   1(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                       TABLE 6. SCHEDULE C (MEMORANDUM) - FEDERAL AGENCY BORROWING FINANCED THROUGH THE ISSUE OF
                                                 PUBLIC DEBT SECURITIES  (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                      ACCOUNT BALANCES      ACCOUNT BALANCES      ACCOUNT BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________

    DEPARTMENT OF EDUCATION:

      COLLEGE HOUSING AND ACADEMIC FACILITIES LOANS                                   215                   211                   211
      FEDERAL DIRECT STUDENT LOANS                                                 89,498                98,445               103,314
      FEDERAL FAMILY EDUCATION LOANS                                               ......                ......                ......

    DEPARTMENT OF ENERGY:

      BONNEVILLE POWER ADMINISTRATION FUND                                          2,770                 2,905                 3,003

    DEPARTMENT OF HOMELAND SECURITY:

      OIL SPILL RECOVERY FUND                                                      ......                ......                ......
      NATIONAL FLOOD INSURANCE FUND                                                    10                ......                ......
      DISASTER ASSISTANCE LOAN FUND                                                     4                     4                     4

    DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
      PUBLIC AND INDIAN HOUSING PROGRAMS:

        LOW-RENT PUBLIC HOUSING - LOANS AND OTHER EXPENSES                         ......                    25                    25
        NATIVE HAWAIIAN HOUSING LOANS                                              ......                ......                ......

      HOUSING PROGRAMS:

        FEDERAL HOUSING ADMINISTRATION                                              7,553                 9,353                 9,353
        HOUSING FOR THE ELDERLY AND HANDICAPPED                                     2,640                 2,640                 2,640

    DEPARTMENT OF THE INTERIOR:

      HELIUM FUND                                                                     252                   252                   252
      BUREAU OF RECLAMATION LOAN FUND                                                  97                    97                    97
      BUREAU OF INDIAN AFFAIRS                                                         25                    25                    25
      ASSISTANCE TO AMERICAN SAMOA LOAN FUND                                           12                    15                    15

    DEPARTMENT OF JUSTICE:

      FEDERAL PRISON INDUSTRIES, INCORPORATED                                          20                    20                    20

    DEPARTMENT OF STATE:

      REPATRIATION LOANS                                                             (**)                  (**)                  (**)

    DEPARTMENT OF TRANSPORTATION:
-


 PAGE   2(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                       TABLE 6. SCHEDULE C (MEMORANDUM) - FEDERAL AGENCY BORROWING FINANCED THROUGH THE ISSUE OF
                                                 PUBLIC DEBT SECURITIES  (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                      ACCOUNT BALANCES      ACCOUNT BALANCES      ACCOUNT BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________

      MINORITY BUSINESS RESOURCE CENTER FUND                                       ......                ......                ......

      FEDERAL AVIATION ADMINISTRATION:

        AIRCRAFT PURCHASE LOAN GUARANTEE PROGRAM                                     (**)                  (**)                  (**)

      FEDERAL HIGHWAY ADMINISTRATION:

        TRANSPORTATION INFRASTRUCTURE FINANCE AND INNOVATION FUND                     354                   436                   436

      FEDERAL RAILROAD ADMINISTRATION:

        ALAMEDA CORRIDOR PROJECT                                                      513                   513                   513
        RAILROAD REHABILITATION AND IMPROVEMENT LOAN FUND                             104                   110                   112
        AMTRAK CORRIDOR IMPROVEMENT LOANS                                          ......                ......                ......
        OTHER                                                                        (**)                  (**)                  (**)

      MARITIME ADMINISTRATION:

        OCEAN FREIGHT DIFFERENTIAL                                                 ......                    73                    73
        MARITIME GUARANTEED LOAN (TITLE XI) FUND                                       29                    29                    29

    DEPARTMENT OF TREASURY:
      DEPARTMENTAL OFFICES:

        AIR TRANSPORTATION STABILIZATION FUND                                      ......                ......                ......
        COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND                              25                    33                    33
        REPUBLIC OF TURKEY LOAN FUND                                               ......                ......                ......
      FEDERAL FINANCING BANK REVOLVING FUND                                        24,693                37,475                37,634

    DEPARTMENT OF VETERANS AFFAIRS:

      VETERANS HOUSING BENEFIT PROGRAM FUND                                         3,003                 4,325                 4,325
      NATIVE AMERICAN VETERAN HOUSING FUND                                             21                    30                    30
      VOCATIONAL REHABILITATION LOAN FUND                                               1                     5                     5

    CORPS OF ENGINEERS:

      WASHINGTON AQUEDUCT                                                              24                    16                    17

    ENVIRONMENTAL PROTECTION AGENCY:

      ABATEMENT, CONTROL, AND COMPLIANCE LOAN PROGRAM                                  24                    24                    24
-



 PAGE   3(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                       TABLE 6. SCHEDULE C (MEMORANDUM) - FEDERAL AGENCY BORROWING FINANCED THROUGH THE ISSUE OF
                                                 PUBLIC DEBT SECURITIES  (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                      ACCOUNT BALANCES      ACCOUNT BALANCES      ACCOUNT BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________

    GENERAL SERVICES ADMINISTRATION:

      COLUMBIA HOSPITAL FOR WOMEN                                                  ......                ......                ......
      LAND AQUISITION AND DEVELOPMENT FUND                                           (**)                  (**)                  (**)

    INTERNATIONAL ASSISTANCE PROGRAM:
      INTERNATIONAL SECURITY ASSISTANCE:

        FOREIGN MILITARY LOAN PROGRAM                                               1,317                 1,918                 1,918
        MILITARY DEBT REDUCTION                                                         2                    31                    31

      AGENCY FOR INTERNATIONAL DEVELOPMENT:

        INTERNATIONAL DEBT REDUCTION                                                   16                    16                    16
        HOUSING AND OTHER CREDIT GUARANTY PROGRAMS                                 ......                ......                ......
        MICROENTERPRISE AND SMALL ENTERPRISE DEVELOPMENT                                1                     1                     1
        DEVELOPMENT CREDIT AUTHORITY LOAN FUND                                     ......                ......                ......
      OVERSEAS PRIVATE INVESTMENT CORPORATION                                         132                   172                   176

    SMALL BUSINESS ADMINISTRATION:

      BUSINESS LOAN FUND                                                            1,294                 1,471                 1,471
      DISASTER LOAN FUND                                                            9,742                 5,997                 5,997

    INDEPENDENT AGENCIES:

      EXPORT-IMPORT BANK OF THE UNITED STATES                                       6,657                 7,301                 7,301

      FEDERAL COMMUNICATIONS COMMISSION:

        SPECTRUM AUCTION LOAN FUND                                                  5,771                 5,796                 5,796
      PRESIDIO TRUST FUND                                                              50                    50                    50

      RAILROAD RETIREMENT BOARD:

        RAIL INDUSTRY PENSION FUND                                                 ......                ......                ......
        SOCIAL SECURITY EQUIVALENT BENEFIT ACCOUNT                                  2,870                 2,144                 2,419

      SMITHSONIAN INSTITUTION:

        JOHN F. KENNEDY CENTER PARKING FACILITIES                                      20                    20                    20
      TENNESSEE VALLEY AUTHORITY                                                   ......                ......                   150
    OTHER                                                                          ......                ......                ......
-



 PAGE   4(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                       TABLE 6. SCHEDULE C (MEMORANDUM) - FEDERAL AGENCY BORROWING FINANCED THROUGH THE ISSUE OF
                                                 PUBLIC DEBT SECURITIES  (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                      ACCOUNT BALANCES      ACCOUNT BALANCES      ACCOUNT BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________

       ;BTOTAL AGENCY BORROWING FROM THE TREASURY

        FINANCED THROUGH TREASURY SECURITIES ISSUED                               213,555               236,329               242,365

  ;CBORROWING FROM THE FEDERAL FINANCING BANK:
    DEPARTMENT OF AGRICULTURE:
      FARM SERVICE AGENCY:

        AGRICULTURAL CREDIT INSURANCE FUND                                         ......                ......                ......

      RURAL HOUSING SERVICE:

        RURAL HOUSING INSURANCE FUND                                                2,905                 2,530                 2,530

      RURAL UTILITIES SERVICE:

        RURAL ELECTRIFICATION AND TELECOMMUNICATIONS FUND                          18,329                19,689                19,968
        RURAL DEVELOPMENT INSURANCE FUND                                              950                   950                   950

    DEPARTMENT OF DEFENSE - MILITARY:

      DEPARTMENT OF THE NAVY                                                        1,624                 1,624                 1,624
      DEFENSE AGENCIES                                                               -844                  -919                -1,017

    DEPARTMENT OF EDUCATION:
      HISTORICALLY BLACK COLLEGE AND UNIVERSITY CAPITAL

       FINANCING FUND                                                                  69                    78                    78

    DEPARTMENT OF HEALTH AND HUMAN SERVICES:

      MEDICAL FACILITIES GUARANTEE AND LOAN FUND                                   ......                ......                ......

      HEALTH MAINTENANCE ORGANIZATION LOAN AND

       LOAN GUARANTEE FUND                                                           (**)                  (**)                  (**)

    DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:

      LOW-RENT HOUSING - LOANS AND OTHER EXPENSES                                   1,207                 1,133                 1,133
      COMMUNITY DEVELOPMENT GRANTS                                                      5                     3                     3

    DEPARTMENT OF THE INTERIOR:
-



 PAGE   5(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                       TABLE 6. SCHEDULE C (MEMORANDUM) - FEDERAL AGENCY BORROWING FINANCED THROUGH THE ISSUE OF
                                                 PUBLIC DEBT SECURITIES  (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                      ACCOUNT BALANCES      ACCOUNT BALANCES      ACCOUNT BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________

      ASSISTANCE TO TERRITORIES                                                        11                    10                    10

    DEPARTMENT OF TRANSPORTATION:

      RAILROAD REHABILITATION AND IMPROVEMENT LOAN FUND                                 3                     3                     3

    GENERAL SERVICES ADMINISTRATION:

      FEDERAL BUILDINGS FUND                                                        2,206                 2,150                 2,146

    INTERNATIONAL ASSISTANCE PROGRAM:

      FOREIGN MILITARY FINANCING PROGRAM                                            1,923                 1,752                 1,740

    NATIONAL AERONAUTICS AND SPACE ADMINISTRATION:

      SPACE FLIGHT, CONTROL AND DATA COMMUNICATIONS                                ......                ......                ......

    SMALL BUSINESS ADMINISTRATION:

      BUSINESS LOAN FUND                                                              102                    83                    81

    INDEPENDENT AGENCIES:

      NATIONAL CREDIT UNION ADMINISTRATION                                         ......                ......                ......
      POSTAL SERVICE                                                               11,114                 7,273                 7,273
      TENNESSEE VALLEY AUTHORITY                                                   ......                ......                ......
    OTHER                                                                          ......                ......                ......

       ;BTOTAL BORROWING FROM THE FEDERAL FINANCING BANK                           39,605                36,361                36,522
-
-
-
-
-
 


PAGE   6(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                 TABLE 6. SCHEDULE D - INVESTMENTS OF FEDERAL GOVERNMENT ACCOUNTS IN FEDERAL SECURITIES (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                     NET PURCH. OR SALES   NET PURCH. OR SALES   NET PURCH. OR SALES
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________
  FEDERAL FUNDS:

    DEPARTMENT OF AGRICULTURE                                                           7                    15                    32
    DEPARTMENT OF COMMERCE                                                              2                     3                     2

    DEPARTMENT OF DEFENSE-MILITARY:

      DEFENSE COOPERATION ACCOUNT                                                  ......                   -13                    12
    DEPARTMENT OF ENERGY                                                               99                 2,607                   997
    DEPARTMENT OF HOMELAND SECURITY                                                    90                   408                ......

    DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
      HOUSING PROGRAMS:

        FEDERAL HOUSING ADMINISTRATION FUND                                            -2                 1,961                 3,962

      GOVERNMENT NATIONAL MORTGAGE ASSOCIATION:

        GUARANTEES OF MORTGAGE-BACKED SECURITIES                                       46                   240                   316
      OTHER                                                                        ......                   247                   242
    DEPARTMENT OF THE INTERIOR                                                         41                   160                   241
    DEPARTMENT OF LABOR                                                               450                   593                 1,051
    DEPARTMENT OF TRANSPORTATION                                                       54                   109                    79
    DEPARTMENT OF THE TREASURY                                                        -20                   886                  -257

    DEPARTMENT OF VETERANS AFFAIRS:

      CANTEEN SERVICE REVOLVING FUND                                               ......                     5                    -2
      VETERANS REOPENED INSURANCE FUND                                                 -4                    -8                    -5
      SERVICEMEN'S GROUP LIFE INSURANCE FUND                                       ......                  (**)                  (**)

    OTHER DEFENSE CIVIL PROGRAMS:

      UNIFORMED SERVICES RETIREE HEALTH CARE FUND                                     367                17,584                ......

    INDEPENDENT AGENCIES:

      EXPORT-IMPORT BANK OF THE UNITED STATES                                      ......                ......                ......

      FEDERAL DEPOSIT INSURANCE CORPORATION:

        BANK INSURANCE FUND                                                          -103                   376                  -296
        SAVINGS ASSOCIATION INSURANCE FUND                                            -36                   264                   281
        FSLIC RESOLUTION FUND                                                          10                   156                   144
      NATIONAL CREDIT UNION ADMINISTRATION                                            -73                   475                   571
-


 PAGE   1(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                 TABLE 6. SCHEDULE D - INVESTMENTS OF FEDERAL GOVERNMENT ACCOUNTS IN FEDERAL SECURITIES (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                     NET PURCH. OR SALES   NET PURCH. OR SALES   NET PURCH. OR SALES
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________
      POSTAL SERVICE                                                                  690                 3,218                 1,817
      OTHER                                                                             8                   203                   203
    AGENCY SECURITIES                                                              ......                ......                ......
    OTHER                                                                              11                   384                   195

        ;BTOTAL TREASURY SECURITIES                                                 1,638                29,873                 9,585
        TOTAL AGENCY SECURITIES                                                    ......                ......                ......
          ;CTOTAL FEDERAL FUNDS                                                     1,638                29,873                 9,585

  ;CTRUST FUNDS:
    LEGISLATIVE BRANCH:

      LIBRARY OF CONGRESS                                                              -1                    -5                    13
      UNITED STATES TAX COURT                                                      ......                  (**)                  (**)
      OTHER                                                                          (**)                     6                    20

    JUDICIAL BRANCH:

      JUDICIAL RETIREMENT FUNDS                                                        -1                    25                    40
    DEPARTMENT OF AGRICULTURE                                                           6                     6                    37

    DEPARTMENT OF DEFENSE-MILITARY:

      VOLUNTARY SEPARATION INCENTIVE FUND                                             -20                    15                     5
      OTHER                                                                             8                    -2                    -3

    DEPARTMENT OF HEALTH AND HUMAN SERVICES:

      FEDERAL HOSPITAL INSURANCE TRUST FUND                                        -1,553                22,026                31,611

      FEDERAL SUPPLEMENTARY MEDICAL INSURANCE TRUST

       FUND                                                                          -970                -8,300                -1,740
      OTHER                                                                             8                    71                    61
    DEPARTMENT OF HOMELAND SECURITY                                                     2                   -68                   -76
    DEPARTMENT OF THE INTERIOR                                                         -3                     9                    24
    DEPARTMENT OF JUSTICE                                                              61                    61                   -22

    DEPARTMENT OF LABOR:

      UNEMPLOYMENT TRUST FUND                                                      -3,507               -18,917               -15,614
      OTHER                                                                           -17                   -52                   -41

    DEPARTMENT OF STATE:

      FOREIGN SERVICE RETIREMENT AND DISABILITY FUND                                  -38                   594                   581



PAGE   2(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                 TABLE 6. SCHEDULE D - INVESTMENTS OF FEDERAL GOVERNMENT ACCOUNTS IN FEDERAL SECURITIES (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                     NET PURCH. OR SALES   NET PURCH. OR SALES   NET PURCH. OR SALES
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________
      OTHER                                                                        ......                  (**)                     1

    DEPARTMENT OF TRANSPORTATION:

      AIRPORT AND AIRWAY TRUST FUND                                                    94                   858                  -634
      HIGHWAY TRUST FUND                                                              130                -3,411                -3,673
      OTHER                                                                        ......                ......                ......
    DEPARTMENT OF TREASURY                                                             40                   -33                   -61

    DEPARTMENT OF VETERANS AFFAIRS:

      GENERAL POST FUND, NATIONAL HOMES                                            ......                    15                     2
      NATIONAL SERVICE LIFE INSURANCE                                                 -83                   -40                     1
      UNITED STATES GOVERNMENT LIFE INSURANCE FUND                                     -1                    -4                    -4
      VETERANS SPECIAL LIFE INSURANCE FUND                                             -8                    64                    70
    CORPS OF ENGINEERS                                                                 -7                    60                  -118

    OTHER DEFENSE CIVIL PROGRAMS:

      MILITARY RETIREMENT FUND                                                     -1,839                11,503                 9,230
      OTHER                                                                             6                     8                    28
    ENVIRONMENTAL PROTECTION AGENCY                                                    22                  -328                    34
    NATIONAL AERONAUTICS AND SPACE ADMINISTRATION                                  ......                  (**)                  (**)

    OFFICE OF PERSONNEL MANAGEMENT:
      CIVIL SERVICE RETIREMENT AND DISABILITY FUND:

        TREASURY SECURITIES                                                        -2,775                10,950                10,082
        AGENCY SECURITIES                                                          ......                ......                ......
      EMPLOYEES LIFE INSURANCE FUND                                                   127                 1,125                 1,475
      EMPLOYEES AND RETIRED EMPLOYEES HEALTH BENEFITS FUND                           -114                 1,122                   733

    SOCIAL SECURITY ADMINISTRATION:
      FEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST

       FUND                                                                         3,544               133,299               131,436
      FEDERAL DISABILITY INSURANCE TRUST FUND                                         318                15,738                18,397

    INDEPENDENT AGENCIES:

      HARRY S. TRUMAN MEMORIAL SCHOLARSHIP TRUST FUND                              ......                ......                ......
      JAPAN-UNITED STATES FRIENDSHIP COMMISSION                                    ......                    -1                    -1

      RAILROAD RETIREMENT BOARD:

        TREASURY SECURITIES                                                             5               -22,761                   -35



PAGE   3(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                 TABLE 6. SCHEDULE D - INVESTMENTS OF FEDERAL GOVERNMENT ACCOUNTS IN FEDERAL SECURITIES (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                     NET PURCH. OR SALES   NET PURCH. OR SALES   NET PURCH. OR SALES
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________
        AGENCY SECURITIES                                                          ......                ......                ......
      OTHER                                                                           -46                  -287                  -320
    AGENCY SECURITIES                                                              ......                ......                ......

        ;BTOTAL TREASURY SECURITIES                                                -6,611               143,348               181,536
        TOTAL AGENCY SECURITIES                                                    ......                ......                ......
          ;CTOTAL TRUST FUNDS                                                      -6,611               143,348               181,536
  ;CGRAND TOTAL                                                                    -4,973               173,221               191,121
-
-
-
-
-
-
-
-
-
-
-
-
-
 


PAGE   4(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                 TABLE 6. SCHEDULE D - INVESTMENTS OF FEDERAL GOVERNMENT ACCOUNTS IN FEDERAL SECURITIES (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                    SEC. HELD AS INVEST.  SEC. HELD AS INVEST.  SEC. HELD AS INVEST.
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________
  FEDERAL FUNDS:

    DEPARTMENT OF AGRICULTURE                                                          55                    63                    70
    DEPARTMENT OF COMMERCE                                                         ......                     1                     3

    DEPARTMENT OF DEFENSE-MILITARY:

      DEFENSE COOPERATION ACCOUNT                                                      13                ......                ......
    DEPARTMENT OF ENERGY                                                           26,408                28,915                29,015
    DEPARTMENT OF HOMELAND SECURITY                                                ......                   319                   408

    DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
      HOUSING PROGRAMS:

        FEDERAL HOUSING ADMINISTRATION FUND                                        21,251                23,213                23,211

      GOVERNMENT NATIONAL MORTGAGE ASSOCIATION:

        GUARANTEES OF MORTGAGE-BACKED SECURITIES                                    6,958                 7,152                 7,198
      OTHER                                                                        ......                   247                   247
    DEPARTMENT OF THE INTERIOR                                                      3,990                 4,108                 4,149
    DEPARTMENT OF LABOR                                                            12,911                13,054                13,504
    DEPARTMENT OF TRANSPORTATION                                                      123                   178                   232
    DEPARTMENT OF THE TREASURY                                                     10,007                10,913                10,893

    DEPARTMENT OF VETERANS AFFAIRS:

      CANTEEN SERVICE REVOLVING FUND                                                   29                    34                    34
      VETERANS REOPENED INSURANCE FUND                                                475                   471                   468
      SERVICEMEN'S GROUP LIFE INSURANCE FUND                                            6                     7                     7

    OTHER DEFENSE CIVIL PROGRAMS:

      UNIFORMED SERVICES RETIREE HEALTH CARE FUND                                  ......                17,217                17,584

    INDEPENDENT AGENCIES:

      EXPORT-IMPORT BANK OF THE UNITED STATES                                      ......                ......                ......

      FEDERAL DEPOSIT INSURANCE CORPORATION:

        BANK INSURANCE FUND                                                        30,542                31,021                30,918
        SAVINGS ASSOCIATION INSURANCE FUND                                         11,153                11,453                11,418
        FSLIC RESOLUTION FUND                                                       2,800                 2,946                 2,956
      NATIONAL CREDIT UNION ADMINISTRATION                                          5,185                 5,732                 5,659
-


 PAGE   1(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                 TABLE 6. SCHEDULE D - INVESTMENTS OF FEDERAL GOVERNMENT ACCOUNTS IN FEDERAL SECURITIES (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                    SEC. HELD AS INVEST.  SEC. HELD AS INVEST.  SEC. HELD AS INVEST.
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________
      POSTAL SERVICE                                                                1,430                 3,958                 4,648
      OTHER                                                                         5,172                 5,367                 5,375
    AGENCY SECURITIES                                                              ......                ......                ......
    OTHER                                                                           4,882                 5,255                 5,266

        ;BTOTAL TREASURY SECURITIES                                               143,390               171,625               173,263
        TOTAL AGENCY SECURITIES                                                    ......                ......                ......
          ;CTOTAL FEDERAL FUNDS                                                   143,390               171,625               173,263

  ;CTRUST FUNDS:
    LEGISLATIVE BRANCH:

      LIBRARY OF CONGRESS                                                              58                    55                    53
      UNITED STATES TAX COURT                                                           7                     7                     7
      OTHER                                                                            71                    78                    78

    JUDICIAL BRANCH:

      JUDICIAL RETIREMENT FUNDS                                                       582                   608                   607
    DEPARTMENT OF AGRICULTURE                                                          39                    39                    45

    DEPARTMENT OF DEFENSE-MILITARY:

      VOLUNTARY SEPARATION INCENTIVE FUND                                             782                   818                   797
      OTHER                                                                            53                    43                    51

    DEPARTMENT OF HEALTH AND HUMAN SERVICES:

      FEDERAL HOSPITAL INSURANCE TRUST FUND                                       228,906               252,485               250,932

      FEDERAL SUPPLEMENTARY MEDICAL INSURANCE TRUST

       FUND                                                                        38,804                31,474                30,504
      OTHER                                                                         1,879                 1,942                 1,950
    DEPARTMENT OF HOMELAND SECURITY                                                 2,375                 2,306                 2,308
    DEPARTMENT OF THE INTERIOR                                                         29                    41                    38
    DEPARTMENT OF JUSTICE                                                          ......                ......                    61

    DEPARTMENT OF LABOR:

      UNEMPLOYMENT TRUST FUND                                                      68,265                52,854                49,348
      OTHER                                                                            69                    34                    17

    DEPARTMENT OF STATE:

      FOREIGN SERVICE RETIREMENT AND DISABILITY FUND                               11,734                12,366                12,328




PAGE   2(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                 TABLE 6. SCHEDULE D - INVESTMENTS OF FEDERAL GOVERNMENT ACCOUNTS IN FEDERAL SECURITIES (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                    SEC. HELD AS INVEST.  SEC. HELD AS INVEST.  SEC. HELD AS INVEST.
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________
      OTHER                                                                            16                    17                    17

    DEPARTMENT OF TRANSPORTATION:

      AIRPORT AND AIRWAY TRUST FUND                                                10,997                11,762                11,855
      HIGHWAY TRUST FUND                                                           18,840                15,300                15,430
      OTHER                                                                          (**)                  (**)                  (**)
    DEPARTMENT OF TREASURY                                                            401                   328                   368

    DEPARTMENT OF VETERANS AFFAIRS:

      GENERAL POST FUND, NATIONAL HOMES                                                47                    62                    62
      NATIONAL SERVICE LIFE INSURANCE                                              11,465                11,508                11,425
      UNITED STATES GOVERNMENT LIFE INSURANCE FUND                                     62                    58                    57
      VETERANS SPECIAL LIFE INSURANCE FUND                                          1,807                 1,879                 1,871
    CORPS OF ENGINEERS                                                              2,252                 2,318                 2,312

    OTHER DEFENSE CIVIL PROGRAMS:

      MILITARY RETIREMENT FUND                                                    162,396               175,738               173,900
      OTHER                                                                         1,124                 1,126                 1,132
    ENVIRONMENTAL PROTECTION AGENCY                                                 5,127                 4,777                 4,799
    NATIONAL AERONAUTICS AND SPACE ADMINISTRATION                                      14                    14                    14

    OFFICE OF PERSONNEL MANAGEMENT:
      CIVIL SERVICE RETIREMENT AND DISABILITY FUND:

        TREASURY SECURITIES                                                       573,713               587,438               584,664
        AGENCY SECURITIES                                                          ......                ......                ......
      EMPLOYEES LIFE INSURANCE FUND                                                25,350                26,348                26,475
      EMPLOYEES AND RETIRED EMPLOYEES HEALTH BENEFITS FUND                          7,554                 8,790                 8,676

    SOCIAL SECURITY ADMINISTRATION:
      FEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST

       FUND                                                                     1,173,759             1,303,515             1,307,059
      FEDERAL DISABILITY INSURANCE TRUST FUND                                     155,287               170,706               171,024

    INDEPENDENT AGENCIES:

      HARRY S. TRUMAN MEMORIAL SCHOLARSHIP TRUST FUND                                  55                    55                    55
      JAPAN-UNITED STATES FRIENDSHIP COMMISSION                                        40                    39                    39

      RAILROAD RETIREMENT BOARD:

        TREASURY SECURITIES                                                        25,260                 2,494                 2,499




PAGE   3(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                 TABLE 6. SCHEDULE D - INVESTMENTS OF FEDERAL GOVERNMENT ACCOUNTS IN FEDERAL SECURITIES (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                    SEC. HELD AS INVEST.  SEC. HELD AS INVEST.  SEC. HELD AS INVEST.
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________
        AGENCY SECURITIES                                                          ......                ......                ......
      OTHER                                                                         3,036                 2,794                 2,749
    AGENCY SECURITIES                                                              ......                ......                ......

        ;BTOTAL TREASURY SECURITIES                                             2,532,258             2,682,217             2,675,606
        TOTAL AGENCY SECURITIES                                                    ......                ......                ......
          ;CTOTAL TRUST FUNDS                                                   2,532,258             2,682,217             2,675,606
  ;CGRAND TOTAL                                                                 2,675,648             2,853,842             2,848,868
-
-
-
-
-
-
-
-
-
-
-
-
-
 


PAGE   4(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                   TABLE 6E. NET ACTIVITY, GUARANTEED AND DIRECT LOAN FINANCING (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        TRANSACTIONS          TRANSACTIONS          TRANSACTIONS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________
  GUARANTEED LOAN FINANCING ACTIVITY:
    DEPARTMENT OF AGRICULTURE:
      FARM SERVICE AGENCY:

        COMMODITY CREDIT CORPORATION EXPORT FUND                                       -8                  -163                  -218
        AGRICULTURAL CREDIT INSURANCE FUND                                              2                    -2                   -69

      RURAL HOUSING SERVICE:

        RURAL COMMUNITY FACILITY LOANS                                               (**)                    -2                     5
        RURAL HOUSING INSURANCE FUND                                                    2                    22                     2

      RURAL BUSINESS-COOPERATIVE SERVICE:

        RURAL BUSINESS AND INDUSTRY LOANS                                               8                    39                    45

      RURAL UTILITIES SERVICE:

        RURAL WATER AND WASTE DISPOSAL FUND                                          (**)                  (**)                  (**)

    DEPARTMENT OF COMMERCE:
      GENERAL ADMINISTRATION:

        EMERGENCY OIL, GAS, AND STEEL ACCOUNT                                        (**)                   -55                    72

      NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION:

        FISHING VESSEL OBLIGATIONS                                                   (**)                    -6                  (**)
    DEPARTMENT OF DEFENSE-MILITARY                                                 ......                     2                    -4

    DEPARTMENT OF EDUCATION:
      OFFICE OF STUDENT FINANCIAL ASSISTANCE:

        FEDERAL FAMILY EDUCATION LOANS                                                 78                    68                -1,468

    DEPARTMENT OF HEALTH AND HUMAN SERVICES:
      HEALTH RESOURCES AND SERVICES ADMINISTRATION:

        HEALTH CENTER LOANS                                                        ......                  (**)                  (**)
        HEALTH EDUCATION ASSISTANCE LOANS                                               2                    22                    16

    DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
      PUBLIC AND INDIAN HOUSING PROGRAMS:

        INDIAN HOUSING LOANS                                                         (**)                  (**)                    -7
-



 PAGE   1(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                   TABLE 6E. NET ACTIVITY, GUARANTEED AND DIRECT LOAN FINANCING (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        TRANSACTIONS          TRANSACTIONS          TRANSACTIONS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________
        NATIVE HAWAIIAN HOUSING LOANS                                              ......                ......                ......

      COMMUNITY PLANNING AND DEVELOPMENT:

        COMMUNITY DEVELOPMENT LOANS                                                  (**)                    -2                    -2

      HOUSING PROGRAMS:

        FHA-MUTUAL MORTGAGE INSURANCE LOANS                                           581                 1,394                 1,415
        FHA-GENERAL AND SPECIAL RISK FUND                                              -7                  -211                   643

      GOVERNMENT NATIONAL MORTGAGE ASSOCIATION:

        GUARANTEES OF MORTGAGED-BACKED SECURITIES                                     -37                  -371                  -351

    DEPARTMENT OF THE INTERIOR:

      BUREAU OF INDIAN AFFAIRS                                                       (**)                    -2                    -1

    DEPARTMENT OF TRANSPORTATION:
      OFFICE OF THE SECRETARY:

        MINORITY BUSINESS RESOURCE CENTER FUND                                     ......                  (**)                ......

      FEDERAL HIGHWAY ADMINISTRATION:

        TRANSPORTATION INFRASTRUCTURE FINANCE AND INNOVATION FUND                  ......                ......                  (**)

      MARITIME ADMINISTRATION:

        MARITIME GUARANTEED LOAN (TITLE XI) FUND                                       -8                   -47                    93

    DEPARTMENT OF THE TREASURY:
      DEPARTMENTAL OFFICES:

        AIR TRANSPORTATION STABILIZATION FUND                                           2                  -347                ......

    DEPARTMENT OF VETERANS AFFAIRS:
      VETERANS BENEFITS ADMINISTRATION:

        VETERANS HOUSING BENEFIT PROGRAM FUND                                        -111                  -350                   -35
        GUARANTEED TRANSITIONAL HOUSING LOANS FOR HOMELESS VETERANS                ......                ......                ......

    INTERNATIONAL ASSISTANCE PROGRAM:
      AGENCY FOR INTERNATIONAL DEVELOPMENT:
-



 PAGE   2(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                   TABLE 6E. NET ACTIVITY, GUARANTEED AND DIRECT LOAN FINANCING (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        TRANSACTIONS          TRANSACTIONS          TRANSACTIONS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________

        UKRAINE EXPORT CREDIT INSURANCE FUND                                       ......                ......                ......
        LOAN GUARANTEES TO ISRAEL                                                  ......                ......                ......
        URBAN AND ENVIRONMENTAL CREDIT GUARANTEED LOANS                                 2                     7                     4
        MICROENTERPRISE AND SMALL ENTERPRISE DEVELOPMENT                             (**)                     2                  (**)
        DEVELOPMENT CREDIT AUTHORITY LOAN FUND                                       (**)                  (**)                    -1
      OVERSEAS PRIVATE INVESTMENT CORPORATION                                        -172                  -177                   -23

    SMALL BUSINESS ADMINISTRATION:

      BUSINESS LOAN FUND                                                                6                   147                   178

    INDEPENDENT AGENCIES:

      EXPORT-IMPORT BANK OF THE UNITED STATES                                         -35                 1,963                  -258
    OTHER                                                                          ......                ......                ......

        ;ANET ACTIVITY, GUARANTEED LOAN FINANCING                                     305                 1,930                    36

  DIRECT LOAN FINANCING ACTIVITY:
    DEPARTMENT OF AGRICULTURE:
      FARM SERVICE AGENCY:

        AGRICULTURAL CREDIT INSURANCE FUND                                              4                  -113                -1,287
        FARM STORAGE FACILITY LOANS                                                  (**)                     9                    64
        APPLE LOANS FUND                                                             (**)                    -5                  (**)
        EMERGENCY BOLL WEEVIL LOAN FUND                                            ......                  (**)                  (**)

      NATURAL RESOURCES CONSERVATION SERVICE:

        AGRICULTURAL RESOURCE CONSERVATION DEMONSTRATION PROGRAM                   ......                  (**)                    -1

      RURAL HOUSING SERVICE:

        RURAL COMMUNITY FACILITY LOANS FUND                                            14                    58                    72
        RURAL HOUSING INSURANCE FUND                                                  -65                  -518                  -179
        SELF-HELP HOUSING LAND DEVELOPMENT FUND                                    ......                ......                ......

      RURAL BUSINESS-COOPERATIVE SERVICE:

        RURAL BUSINESS AND INDUSTRY LOAN FUND                                          -1                    -8                    25
        RURAL DEVELOPMENT LOAN FUND                                                  (**)                    -3                     4
        RURAL ECONOMIC DEVELOPMENT LOAN FUND                                           -1                    -6                    -2

      RURAL UTILITIES SERVICE:
-



 PAGE   3(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                   TABLE 6E. NET ACTIVITY, GUARANTEED AND DIRECT LOAN FINANCING (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        TRANSACTIONS          TRANSACTIONS          TRANSACTIONS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________

        RURAL WATER AND WASTE DISPOSAL LOANS                                           -4                    27                   177
        RURAL ELECTRIFICATION AND TELECOMMUNICATIONS FUND                             186                 2,464                 1,616
        RURAL TELEPHONE BANK                                                          -10                   -33                    19
        DISTANCE LEARNING AND TELEMEDICINE PROGRAM                                      4                    35                    23
        RURAL DEVELOPMENT INSURANCE FUND                                           ......                ......                ......

      FOREIGN AGRICULTURAL SERVICE:

        P.L. 480 DIRECT LOAN FUND                                                      -5                   447                  -128
        INTERNATIONAL DEBT REDUCTION                                                 (**)                  -195                  (**)
        P.L. 480, TITLE 1, FOOD FOR PROGRESS CREDITS                               ......                   123                   -74

    DEPARTMENT OF COMMERCE:
      NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION:

        FISHERIES FINANCE                                                              -1                     1                   -13
    DEPARTMENT OF DEFENSE-MILITARY                                                   (**)                     9                    31

    DEPARTMENT OF EDUCATION:
      OFFICE OF POSTSECONDARY EDUCATION:

        COLLEGE HOUSING AND ACADEMIC FACILITIES LOANS                                (**)                    -2                    -2

        HISTORICALLY BLACK COLLEGE AND UNIVERSITY CAPITAL

         FINANCING FUND                                                              (**)                     9                    33

      OFFICE OF STUDENT FINANCIAL ASSISTANCE:

        FEDERAL DIRECT STUDENT LOANS                                                 -513                -4,430                 4,995

    DEPARTMENT OF HOMELAND SECURITY:

      DISASTER ASSISTANCE LOAN FUND                                                ......                  (**)                    -2

    DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
      HOUSING PROGRAMS:

        FHA-MUTUAL MORTGAGE INSURANCE LOANS                                             2                     2                     4
        FHA-GENERAL AND SPECIAL RISK FUND                                          ......                ......                  (**)

    DEPARTMENT OF THE INTERIOR:

      BUREAU OF RECLAMATION                                                          (**)                    -3                    12
-



 PAGE   4(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                   TABLE 6E. NET ACTIVITY, GUARANTEED AND DIRECT LOAN FINANCING (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        TRANSACTIONS          TRANSACTIONS          TRANSACTIONS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________
      BUREAU OF INDIAN AFFAIRS                                                       (**)                    -7                    -1
      ASSISTANCE TO AMERICAN SAMOA LOAN FUND                                         (**)                    -1                     1

    DEPARTMENT OF STATE:
      ADMINISTRATION OF FOREIGN AFFAIRS:

        REPATRIATION LOANS                                                           (**)                  (**)                  (**)

    DEPARTMENT OF TRANSPORTATION:
      OFFICE OF THE SECRETARY:

        MINORITY BUSINESS RESOURCE CENTER                                          ......                ......                    -4

      FEDERAL HIGHWAY ADMINISTRATION:

        TRANSPORTATION INFRASTRUCTURE FINANCE AND INNOVATION FUND                    -306                  -290                    25
        HIGH PRIORITY CORRIDORS LOAN FUND                                          ......                ......                ......

      FEDERAL RAILROAD ADMINISTRATION:

        ALAMEDA CORRIDOR PROJECT                                                   ......                    -2                ......
        RAILROAD REHABILITATION AND IMPROVEMENT LOAN FUND                               1                     9                   100
        AMTRAK CORRIDOR IMPROVEMENT LOANS                                          ......                ......                ......

    DEPARTMENT OF THE TREASURY:
      DEPARTMENTAL OFFICES:

        COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND                            (**)                     6                     8
        REPUBLIC OF TURKEY LOAN FUND                                               ......                ......                ......
      FINANCIAL MANAGEMENT SERVICE                                                 ......                ......                ......

    DEPARTMENT OF VETERANS AFFAIRS:
      VETERANS BENEFITS ADMINISTRATION:

        VETERANS HOUSING BENEFIT PROGRAM FUND                                         -24                  -265                   869
        NATIVE AMERICAN VETERAN HOUSING FUND                                         (**)                     4                     1
        VOCATIONAL REHABILITATION LOAN FUND                                          (**)                  (**)                  (**)

    ENVIRONMENTAL PROTECTION AGENCY:

      ABATEMENT, CONTROL, AND COMPLIANCE LOAN PROGRAM                                (**)                    -5                    -4

    GENERAL SERVICES ADMINISTRATION:

      COLUMBIA HOSPITAL FOR WOMEN                                                  ......                ......                   -13
-




 PAGE   5(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                   TABLE 6E. NET ACTIVITY, GUARANTEED AND DIRECT LOAN FINANCING (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        TRANSACTIONS          TRANSACTIONS          TRANSACTIONS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________

    INTERNATIONAL ASSISTANCE PROGRAM:
      INTERNATIONAL SECURITY ASSISTANCE:

        FOREIGN MILITARY LOAN PROGRAM                                                   5                   124                  -506
        MILITARY DEBT REDUCTION                                                      (**)                    29                  (**)

      AGENCY FOR INTERNATIONAL DEVELOPMENT:

        INTERNATIONAL DEBT REDUCTION                                               ......                ......                    -9
        MICROENTERPRISE AND SMALL ENTERPRISE DEVELOPMENT                             (**)                  (**)                  (**)
      OVERSEAS PRIVATE INVESTMENT CORPORATION                                          -6                    35                    45

    SMALL BUSINESS ADMINISTRATION:

      BUSINESS LOAN FUND                                                                2                    -8                    20
      DISASTER LOAN FUND                                                                6                  -632                   501

    INDEPENDENT AGENCIES:

      DISTRICT OF COLUMBIA                                                         ......                ......                ......
      EXPORT-IMPORT BANK OF THE UNITED STATES                                        -119                   499                  -785

      FEDERAL COMMUNICATIONS COMMISSION:

        SPECTRUM AUCTION LOAN FUND                                                    -43                -1,081                  -463
    OTHER                                                                          ......                ......                ......

      ;BNET ACTIVITY, DIRECT LOAN FINANCING                                          -874                -3,716                 5,173
-
-
-
-
-
-
 
PAGE   6(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                   TABLE 6E. NET ACTIVITY, GUARANTEED AND DIRECT LOAN FINANCING (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                          BALANCES              BALANCES              BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________
  GUARANTEED LOAN FINANCING ACTIVITY:
    DEPARTMENT OF AGRICULTURE:
      FARM SERVICE AGENCY:

        COMMODITY CREDIT CORPORATION EXPORT FUND                                      626                   470                   462
        AGRICULTURAL CREDIT INSURANCE FUND                                           -598                  -603                  -600

      RURAL HOUSING SERVICE:

        RURAL COMMUNITY FACILITY LOANS                                                  7                     5                     5
        RURAL HOUSING INSURANCE FUND                                                 -319                  -298                  -297

      RURAL BUSINESS-COOPERATIVE SERVICE:

        RURAL BUSINESS AND INDUSTRY LOANS                                             -31                  (**)                     8

      RURAL UTILITIES SERVICE:

        RURAL WATER AND WASTE DISPOSAL FUND                                           -24                   -24                   -24

    DEPARTMENT OF COMMERCE:
      GENERAL ADMINISTRATION:

        EMERGENCY OIL, GAS, AND STEEL ACCOUNT                                          72                    17                    17

      NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION:

        FISHING VESSEL OBLIGATIONS                                                     12                     6                     6
    DEPARTMENT OF DEFENSE-MILITARY                                                    -19                   -17                   -17

    DEPARTMENT OF EDUCATION:
      OFFICE OF STUDENT FINANCIAL ASSISTANCE:

        FEDERAL FAMILY EDUCATION LOANS                                             -8,687                -8,697                -8,619

    DEPARTMENT OF HEALTH AND HUMAN SERVICES:
      HEALTH RESOURCES AND SERVICES ADMINISTRATION:

        HEALTH CENTER LOANS                                                            -1                    -1                    -1
        HEALTH EDUCATION ASSISTANCE LOANS                                            -349                  -328                  -326

    DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
      PUBLIC AND INDIAN HOUSING PROGRAMS:

        INDIAN HOUSING LOANS                                                          -12                   -12                   -12
-


 PAGE   1(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                   TABLE 6E. NET ACTIVITY, GUARANTEED AND DIRECT LOAN FINANCING (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                          BALANCES              BALANCES              BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________
        NATIVE HAWAIIAN HOUSING LOANS                                              ......                ......                ......

      COMMUNITY PLANNING AND DEVELOPMENT:

        COMMUNITY DEVELOPMENT LOANS                                                   -38                   -40                   -40

      HOUSING PROGRAMS:

        FHA-MUTUAL MORTGAGE INSURANCE LOANS                                         4,633                 5,447                 6,027
        FHA-GENERAL AND SPECIAL RISK FUND                                            -119                  -323                  -330

      GOVERNMENT NATIONAL MORTGAGE ASSOCIATION:

        GUARANTEES OF MORTGAGED-BACKED SECURITIES                                    -807                -1,142                -1,178

    DEPARTMENT OF THE INTERIOR:

      BUREAU OF INDIAN AFFAIRS                                                        -47                   -48                   -49

    DEPARTMENT OF TRANSPORTATION:
      OFFICE OF THE SECRETARY:

        MINORITY BUSINESS RESOURCE CENTER FUND                                       (**)                  (**)                  (**)

      FEDERAL HIGHWAY ADMINISTRATION:

        TRANSPORTATION INFRASTRUCTURE FINANCE AND INNOVATION FUND                    (**)                  (**)                  (**)

      MARITIME ADMINISTRATION:

        MARITIME GUARANTEED LOAN (TITLE XI) FUND                                     -196                  -236                  -244

    DEPARTMENT OF THE TREASURY:
      DEPARTMENTAL OFFICES:

        AIR TRANSPORTATION STABILIZATION FUND                                        -197                  -546                  -543

    DEPARTMENT OF VETERANS AFFAIRS:
      VETERANS BENEFITS ADMINISTRATION:

        VETERANS HOUSING BENEFIT PROGRAM FUND                                      -5,094                -5,333                -5,444
        GUARANTEED TRANSITIONAL HOUSING LOANS FOR HOMELESS VETERANS                ......                ......                ......

    INTERNATIONAL ASSISTANCE PROGRAM:
      AGENCY FOR INTERNATIONAL DEVELOPMENT:
-



 PAGE   2(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                   TABLE 6E. NET ACTIVITY, GUARANTEED AND DIRECT LOAN FINANCING (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                          BALANCES              BALANCES              BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________

        UKRAINE EXPORT CREDIT INSURANCE FUND                                       ......                ......                ......
        LOAN GUARANTEES TO ISRAEL                                                    -665                  -665                  -665
        URBAN AND ENVIRONMENTAL CREDIT GUARANTEED LOANS                               -74                   -69                   -67
        MICROENTERPRISE AND SMALL ENTERPRISE DEVELOPMENT                               -1                     1                     1
        DEVELOPMENT CREDIT AUTHORITY LOAN FUND                                         -1                    -1                    -1
      OVERSEAS PRIVATE INVESTMENT CORPORATION                                        -465                  -470                  -642

    SMALL BUSINESS ADMINISTRATION:

      BUSINESS LOAN FUND                                                              597                   739                   744

    INDEPENDENT AGENCIES:

      EXPORT-IMPORT BANK OF THE UNITED STATES                                      -4,496                -2,499                -2,533
    OTHER                                                                          ......                ......                ......

        ;ANET ACTIVITY, GUARANTEED LOAN FINANCING                                 -16,293               -14,668               -14,363

  DIRECT LOAN FINANCING ACTIVITY:
    DEPARTMENT OF AGRICULTURE:
      FARM SERVICE AGENCY:

        AGRICULTURAL CREDIT INSURANCE FUND                                          2,943                 2,826                 2,830
        FARM STORAGE FACILITY LOANS                                                   143                   152                   152
        APPLE LOANS FUND                                                               10                     5                     5
        EMERGENCY BOLL WEEVIL LOAN FUND                                                 4                     4                     4

      NATURAL RESOURCES CONSERVATION SERVICE:

        AGRICULTURAL RESOURCE CONSERVATION DEMONSTRATION PROGRAM                       -1                    -1                    -1

      RURAL HOUSING SERVICE:

        RURAL COMMUNITY FACILITY LOANS FUND                                           823                   867                   882
        RURAL HOUSING INSURANCE FUND                                                9,414                 8,960                 8,896
        SELF-HELP HOUSING LAND DEVELOPMENT FUND                                    ......                ......                ......

      RURAL BUSINESS-COOPERATIVE SERVICE:

        RURAL BUSINESS AND INDUSTRY LOAN FUND                                          84                    76                    76
        RURAL DEVELOPMENT LOAN FUND                                                   187                   184                   184
        RURAL ECONOMIC DEVELOPMENT LOAN FUND                                           64                    60                    59

      RURAL UTILITIES SERVICE:
-



 PAGE   3(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                   TABLE 6E. NET ACTIVITY, GUARANTEED AND DIRECT LOAN FINANCING (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                          BALANCES              BALANCES              BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________

        RURAL WATER AND WASTE DISPOSAL LOANS                                        3,483                 3,513                 3,510
        RURAL ELECTRIFICATION AND TELECOMMUNICATIONS FUND                          10,785                13,062                13,248
        RURAL TELEPHONE BANK                                                          300                   277                   267
        DISTANCE LEARNING AND TELEMEDICINE PROGRAM                                     42                    72                    77
        RURAL DEVELOPMENT INSURANCE FUND                                            1,065                 1,065                 1,065

      FOREIGN AGRICULTURAL SERVICE:

        P.L. 480 DIRECT LOAN FUND                                                     454                   907                   902
        INTERNATIONAL DEBT REDUCTION                                                   15                  -179                  -180
        P.L. 480, TITLE 1, FOOD FOR PROGRESS CREDITS                                   60                   183                   183

    DEPARTMENT OF COMMERCE:
      NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION:

        FISHERIES FINANCE                                                             156                   158                   157
    DEPARTMENT OF DEFENSE-MILITARY                                                     42                    51                    51

    DEPARTMENT OF EDUCATION:
      OFFICE OF POSTSECONDARY EDUCATION:

        COLLEGE HOUSING AND ACADEMIC FACILITIES LOANS                                  23                    20                    20

        HISTORICALLY BLACK COLLEGE AND UNIVERSITY CAPITAL

         FINANCING FUND                                                                69                    78                    78

      OFFICE OF STUDENT FINANCIAL ASSISTANCE:

        FEDERAL DIRECT STUDENT LOANS                                               88,528                84,612                84,098

    DEPARTMENT OF HOMELAND SECURITY:

      DISASTER ASSISTANCE LOAN FUND                                                     1                     1                     1

    DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
      HOUSING PROGRAMS:

        FHA-MUTUAL MORTGAGE INSURANCE LOANS                                            -3                    -3                    -1
        FHA-GENERAL AND SPECIAL RISK FUND                                            (**)                  (**)                  (**)

    DEPARTMENT OF THE INTERIOR:

      BUREAU OF RECLAMATION                                                            88                    84                    84
-



 PAGE   4(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                   TABLE 6E. NET ACTIVITY, GUARANTEED AND DIRECT LOAN FINANCING (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                          BALANCES              BALANCES              BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________
      BUREAU OF INDIAN AFFAIRS                                                         17                    11                    11
      ASSISTANCE TO AMERICAN SAMOA LOAN FUND                                           12                    11                    11

    DEPARTMENT OF STATE:
      ADMINISTRATION OF FOREIGN AFFAIRS:

        REPATRIATION LOANS                                                             -3                    -3                    -3

    DEPARTMENT OF TRANSPORTATION:
      OFFICE OF THE SECRETARY:

        MINORITY BUSINESS RESOURCE CENTER                                          ......                ......                ......

      FEDERAL HIGHWAY ADMINISTRATION:

        TRANSPORTATION INFRASTRUCTURE FINANCE AND INNOVATION FUND                     350                   365                    60
        HIGH PRIORITY CORRIDORS LOAN FUND                                          ......                ......                ......

      FEDERAL RAILROAD ADMINISTRATION:

        ALAMEDA CORRIDOR PROJECT                                                      513                   511                   511
        RAILROAD REHABILITATION AND IMPROVEMENT LOAN FUND                             104                   111                   113
        AMTRAK CORRIDOR IMPROVEMENT LOANS                                              -1                    -1                    -1

    DEPARTMENT OF THE TREASURY:
      DEPARTMENTAL OFFICES:

        COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND                              24                    31                    30
        REPUBLIC OF TURKEY LOAN FUND                                               ......                ......                ......
      FINANCIAL MANAGEMENT SERVICE                                                   (**)                  (**)                  (**)

    DEPARTMENT OF VETERANS AFFAIRS:
      VETERANS BENEFITS ADMINISTRATION:

        VETERANS HOUSING BENEFIT PROGRAM FUND                                       2,679                 2,439                 2,415
        NATIVE AMERICAN VETERAN HOUSING FUND                                           20                    24                    24
        VOCATIONAL REHABILITATION LOAN FUND                                             1                     1                     1

    ENVIRONMENTAL PROTECTION AGENCY:

      ABATEMENT, CONTROL, AND COMPLIANCE LOAN PROGRAM                                  24                    19                    19

    GENERAL SERVICES ADMINISTRATION:

      COLUMBIA HOSPITAL FOR WOMEN                                                  ......                ......                ......
-


PAGE   5(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                                   TABLE 6E. NET ACTIVITY, GUARANTEED AND DIRECT LOAN FINANCING (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                          BALANCES              BALANCES              BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________

    INTERNATIONAL ASSISTANCE PROGRAM:
      INTERNATIONAL SECURITY ASSISTANCE:

        FOREIGN MILITARY LOAN PROGRAM                                               1,275                 1,394                 1,399
        MILITARY DEBT REDUCTION                                                         1                    30                    30

      AGENCY FOR INTERNATIONAL DEVELOPMENT:

        INTERNATIONAL DEBT REDUCTION                                                  -68                   -68                   -68
        MICROENTERPRISE AND SMALL ENTERPRISE DEVELOPMENT                             (**)                  (**)                  (**)
      OVERSEAS PRIVATE INVESTMENT CORPORATION                                          93                   134                   128

    SMALL BUSINESS ADMINISTRATION:

      BUSINESS LOAN FUND                                                              111                   101                   103
      DISASTER LOAN FUND                                                            4,071                 3,432                 3,439

    INDEPENDENT AGENCIES:

      DISTRICT OF COLUMBIA                                                         ......                ......                ......
      EXPORT-IMPORT BANK OF THE UNITED STATES                                       5,555                 6,173                 6,054

      FEDERAL COMMUNICATIONS COMMISSION:

        SPECTRUM AUCTION LOAN FUND                                                  5,749                 4,712                 4,669
    OTHER                                                                          ......                ......                ......

      ;BNET ACTIVITY, DIRECT LOAN FINANCING                                       139,306               136,464               135,590
-
-
-
-
-
-
 


PAGE   6(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03



   CLASSIFICATION                                                        OCTOBER        NOVEMBER        DECEMBER         JANUARY
+  _________________________________________________________________ _______________ _______________ _______________ _______________
   RECEIPTS:

   INDIVIDUAL INCOME TAXES                                                    67,686          55,010          74,968         108,825
   CORPORATION INCOME TAXES                                                   -4,490          -2,145          39,623           1,193

   SOCIAL INSURANCE AND
    RETIREMENT RECEIPTS:
     EMPLOYMENT AND GENERAL

      RETIREMENT                                                              48,358          52,254          55,986          63,598
     UNEMPLOYMENT INSURANCE                                                    1,537           2,433             287           1,362
     OTHER RETIREMENT                                                            438             358             360             431
   EXCISE TAXES                                                                4,612           5,958           5,480           5,395
   ESTATE AND GIFT TAXES                                                       2,017           1,655           1,885           2,000
   CUSTOMS DUTIES                                                              1,563           1,627           1,655           1,681
   MISCELLANEOUS RECEIPTS                                                      2,835           2,887           2,554           3,411

     ;ATOTAL--RECEIPTS THIS YEAR                                             124,557         120,037         182,799         187,897

       (ON-BUDGET)                                                            88,065          80,671         140,682         138,697
       ;C(OFF-BUDGET)                                                         36,492          39,366          42,117          49,200

     TOTAL--RECEIPTS PRIOR YEAR                                              157,163         121,233         187,914         203,452
     (ON BUDGET)                                                             122,003          83,374         150,942         153,541
     (OFF BUDGET)                                                             35,159          37,858          36,973          49,911

   ;COUTLAYS

   LEGISLATIVE BRANCH                                                            335             259             274             291
   JUDICIAL BRANCH                                                               412             407             399             520

   DEPARTMENT OF AGRICULTURE:
     COMMODITY CREDIT CORPORATION AND

      FOREIGN AGRICULTURAL SERVICE                                             3,779           3,473           3,339           2,899
     OTHER                                                                     5,557           4,384           5,318           4,854
   DEPARTMENT OF COMMERCE                                                        427             481             525             437

   ;CDEPARTMENT OF DEFENSE:
     MILITARY:

       MILITARY PERSONNEL                                                      8,074          11,194           8,140           8,373
       OPERATION AND MAINTENANCE                                               9,568          11,623          10,203          12,092
       PROCUREMENT                                                             4,475           4,612           6,807           4,862
-


PAGE   1(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03



   CLASSIFICATION                                                        OCTOBER        NOVEMBER        DECEMBER         JANUARY
+  _________________________________________________________________ _______________ _______________ _______________ _______________

       RESEARCH, DEVELOPMENT, TEST,

        AND EVALUATION                                                         3,808           4,118           5,652           4,027
       MILITARY CONSTRUCTION                                                     490             482             508             379
       FAMILY HOUSING                                                            276             271             276             338
       REVOLVING AND MANAGEMENT FUNDS                                            542             381           1,435            -405
       OTHER                                                                   1,511          -1,389             586              97

           ;ATOTAL MILITARY                                                   28,745          31,293          33,607          29,762

   DEPARTMENT OF EDUCATION                                                     4,237           3,449           4,123           6,631
   DEPARTMENT OF ENERGY                                                        2,255           1,886           1,156           1,635

   DEPARTMENT OF HEALTH AND HUMAN
    SERVICES:

     PUBLIC HEALTH SERVICE                                                     3,458           3,230           3,191           3,167

     CENTERS FOR MEDICARE AND
      MEDICAID SERVICES:

       GRANTS TO STATES FOR MEDICAID                                          14,365          12,295          12,703          13,242
       FEDERAL HOSPITAL INS. TRUST FUND                                       13,336          13,392          13,291          12,715

       FEDERAL SUPP. MED. INS.

        TRUST FUND                                                            10,515          11,021           9,921          10,377
       OTHER                                                                   6,705           6,603           6,520           8,800

     ADMINISTRATION FOR CHILDREN

      AND FAMILIES                                                             3,800           3,983           4,304           3,849
     OTHER                                                                    -8,310          -8,136          -7,995         -10,475
   DEPARTMENT OF HOMELAND SECURITY                                             1,762           2,223           2,257           1,649

   DEPARTMENT OF HOUSING AND URBAN

    DEVELOPMENT                                                                3,654           2,982           3,222           3,053
   DEPARTMENT OF THE INTERIOR                                                  1,017             547             732             338
   DEPARTMENT OF JUSTICE                                                       2,048           1,470           1,650           1,672

   DEPARTMENT OF LABOR:

     UNEMPLOYMENT TRUST FUND                                                   4,779           4,111           4,843           5,519



PAGE   2(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03



   CLASSIFICATION                                                        OCTOBER        NOVEMBER        DECEMBER         JANUARY
+  _________________________________________________________________ _______________ _______________ _______________ _______________
     OTHER                                                                     1,099           1,140             582           1,128
   DEPARTMENT OF STATE                                                         1,283             902             858             426

   DEPARTMENT OF TRANSPORTATION:

     HIGHWAY TRUST FUND                                                        2,917           2,370           2,426           1,775
     OTHER                                                                     2,044           1,284           2,032           1,155

   DEPARTMENT OF THE TREASURY:

     INTEREST ON TREASURY DEBT SECURITIES (GROSS)                             13,677          19,552          84,989          13,163
     OTHER                                                                     1,895           1,512             777           2,077

   DEPARTMENT OF VETERANS
    AFFAIRS:
     COMPENSATION AND

      PENSIONS                                                                 2,248           4,244           2,303           2,292
     NATIONAL SERVICE LIFE                                                        80              70              70              90
     UNITED STATES GOVERNMENT LIFE                                                 1               1               1               1
     OTHER                                                                     2,117           2,146           2,121           2,546
   CORPS OF ENGINEERS                                                            580             436             396             385
   OTHER DEFENSE CIVIL PROGRAMS                                                3,461           3,112           3,222           3,534
   ENVIRONMENTAL PROTECTION                                                      643             604             627             683
   EXECUTIVE OFFICE OF THE PRESIDENT                                              26              25              23              38
   GENERAL SERVICES ADMINISTRATION                                                45              32              60             -43

   INTERNATIONAL ASSISTANCE PROGRAM:

     INTERNATIONAL SECURITY ASSISTANCE                                           308             721           1,117             601
     MULTILATERAL ASSISTANCE                                                     310               4               2             324
     INTERNATIONAL DEVELOPMENT ASSISTANCE                                        283             344             232             256
     OTHER                                                                        -4             223            -746            -163

   NATIONAL AERONAUTICS AND SPACE

    ADMINISTRATION                                                             1,130           1,067           1,207           1,137
   NATIONAL SCIENCE FOUNDATION                                                   387             366             333             338
   OFFICE OF PERSONNEL MANAGEMENT                                              4,721           4,310           4,553           4,507
   SMALL BUSINESS ADMINISTRATION                                                  91            -359             456              58

   SOCIAL SECURITY ADMINISTRATION:
     FEDERAL OLD-AGE AND SURVIVORS INS.

      TRUST FUND (OFF-BUDGET)                                                 32,667          32,825          32,880          33,342



PAGE   3(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03



   CLASSIFICATION                                                        OCTOBER        NOVEMBER        DECEMBER         JANUARY
+  _________________________________________________________________ _______________ _______________ _______________ _______________

     FEDERAL DISABILITY INS. TRUST

      FUND (OFF-BUDGET)                                                        5,569           5,807           5,807           5,830
     OTHER                                                                     2,665           5,319           2,927           2,743

   INDEPENDENT AGENCIES:
     FED. DEPOSIT INS. CORP:

       BANK INSURANCE FUND                                                        20            -395              -1            -127
       SAVINGS ASSOCIATION INSURANCE FUND                                          1            -114              -3             -45

       FSLIC RESOLUTION FUND:

         RTC CLOSEOUT                                                             -7            -182             -12             392
         OTHER                                                                   -57              -2             -38              -4
       OFFICE OF INSPECTOR GENERAL                                            ......          ......          ......          ......

     POSTAL SERVICE:

       PUBLIC ENTERPRISE FUNDS (OFF-BUDGET)                                   -1,744            -590          -1,668             171
       PAYMENTS TO THE POSTAL SERVICE FUND                                        59          ......              10          ......
     TENNESSEE VALLEY AUTHORITY                                                 -392             108             345            -344
     OTHER INDEPENDENT AGENCIES                                                2,056           1,795           1,384           2,269

   UNDISTRIBUTED OFFSETTING RECEIPTS:
     EMPLOYER SHARE, EMPLOYEE

      RETIREMENT                                                              -3,476          -3,101          -3,163          -3,473
     INTEREST RECEIVED BY TRUST FUNDS                                            -63          -5,204         -70,185             216

     RENTS AND ROYALTIES ON OUTER

      CONTINENTAL SHELF LANDS                                                   -282            -209            -557            -304
     SALE OF MAJOR ASSETS                                                     ......          ......          ......          ......
     OTHER                                                                      -605            -604            -686            -652

   ;CTOTALS THIS YEAR:

     TOTAL OUTLAYS                                                           178,628         178,914         178,059         177,256

       ;C(ON-BUDGET)                                                         146,600         141,717         182,467         142,534
       ;C(OFF-BUDGET)                                                         32,028          37,196          -4,408          34,722

     ;CTOTAL-SURPLUS (+) OR DEFICIT (-)                                      -54,072         -58,877           4,740          10,641




1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03



   CLASSIFICATION                                                        OCTOBER        NOVEMBER        DECEMBER         JANUARY
+  _________________________________________________________________ _______________ _______________ _______________ _______________

       ;C(ON-BUDGET)                                                         -58,535         -61,047         -41,785          -3,837
       ;C(OFF-BUDGET)                                                          4,464           2,170          46,525          14,478

   ;C--

     TOTAL BORROWING FROM THE PUBLIC                                          33,385          63,245             237         -10,897
     TOTAL-OUTLAYS PRIOR YEAR                                                164,819         175,500         161,347         159,723
       (ON-BUDGET)                                                           134,013         140,387         162,916         126,998
       (OFF-BUDGET)                                                           30,806          35,113          -1,570          32,725

     ;CTOTAL-SURPLUS (+) OR DEFICIT (-)

     PRIOR YEAR                                                               -7,656         -54,267          26,567          43,729
       (ON-BUDGET)                                                           -12,010         -57,013         -11,975          26,543
       (OFF-BUDGET)                                                            4,354           2,746          38,542          17,185
-
-
-
-
-
-
-
-
-
-
 


PAGE   5(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03



   CLASSIFICATION                                                       FEBRUARY          MARCH           APRIL            MAY
+  _________________________________________________________________ _______________ _______________ _______________ _______________
   RECEIPTS:

   INDIVIDUAL INCOME TAXES                                                    24,981          40,604         121,690          24,051
   CORPORATION INCOME TAXES                                                   -1,201          11,585          18,275           2,660

   SOCIAL INSURANCE AND
    RETIREMENT RECEIPTS:
     EMPLOYMENT AND GENERAL

      RETIREMENT                                                              52,526          55,418          71,452          54,597
     UNEMPLOYMENT INSURANCE                                                    2,123             315           5,807          10,313
     OTHER RETIREMENT                                                            330             387             391             412
   EXCISE TAXES                                                                5,226           4,689           6,215           4,782
   ESTATE AND GIFT TAXES                                                       1,561           1,941           2,737           1,575
   CUSTOMS DUTIES                                                              1,527           1,577           1,613           1,442
   MISCELLANEOUS RECEIPTS                                                      2,422           3,856           2,995           3,601

     ;ATOTAL--RECEIPTS THIS YEAR                                              89,496         120,371         231,174         103,433

       (ON-BUDGET)                                                            48,176          76,051         175,766          60,594
       ;C(OFF-BUDGET)                                                         41,320          44,320          55,408          42,839

     TOTAL--RECEIPTS PRIOR YEAR                                               97,962         111,220         237,426         102,496
     (ON BUDGET)                                                              57,087          65,624         182,429          60,223
     (OFF BUDGET)                                                             40,875          45,596          54,997          42,273

   ;COUTLAYS

   LEGISLATIVE BRANCH                                                            253             340             300             281
   JUDICIAL BRANCH                                                               404             380             424             406

   DEPARTMENT OF AGRICULTURE:
     COMMODITY CREDIT CORPORATION AND

      FOREIGN AGRICULTURAL SERVICE                                               968             591             441             474
     OTHER                                                                     4,063           5,000           4,302           4,409
   DEPARTMENT OF COMMERCE                                                        408             464             362             460

   ;CDEPARTMENT OF DEFENSE:
     MILITARY:

       MILITARY PERSONNEL                                                      8,638           5,515           8,934          12,942
       OPERATION AND MAINTENANCE                                              10,855          13,299          13,692          13,532
       PROCUREMENT                                                             4,511           5,542           6,782           5,301
-



PAGE   1(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03



   CLASSIFICATION                                                       FEBRUARY          MARCH           APRIL            MAY
+  _________________________________________________________________ _______________ _______________ _______________ _______________

       RESEARCH, DEVELOPMENT, TEST,

        AND EVALUATION                                                         3,369           4,002           5,289           4,582
       MILITARY CONSTRUCTION                                                     483             319             499             405
       FAMILY HOUSING                                                            269             355             294             284
       REVOLVING AND MANAGEMENT FUNDS                                            661            -109             109            -890
       OTHER                                                                    -173             -33             -46              81

           ;ATOTAL MILITARY                                                   28,613          28,889          35,553          36,236

   DEPARTMENT OF EDUCATION                                                     5,376           9,087           1,255           5,180
   DEPARTMENT OF ENERGY                                                        1,153           1,713           1,299             674

   DEPARTMENT OF HEALTH AND HUMAN
    SERVICES:

     PUBLIC HEALTH SERVICE                                                     3,085           3,337           4,255           3,495

     CENTERS FOR MEDICARE AND
      MEDICAID SERVICES:

       GRANTS TO STATES FOR MEDICAID                                          12,098          12,316          13,986          12,958
       FEDERAL HOSPITAL INS. TRUST FUND                                       12,411           9,273          13,628          14,656

       FEDERAL SUPP. MED. INS.

        TRUST FUND                                                             8,653          10,451          10,433          11,745
       OTHER                                                                   7,295           7,528          10,805           7,309

     ADMINISTRATION FOR CHILDREN

      AND FAMILIES                                                             4,231           4,160           4,486           3,997
     OTHER                                                                    -8,906          -9,324         -13,234          -8,676
   DEPARTMENT OF HOMELAND SECURITY                                             5,011           2,365           1,975           4,184

   DEPARTMENT OF HOUSING AND URBAN

    DEVELOPMENT                                                                2,544           2,808           3,134           2,907
   DEPARTMENT OF THE INTERIOR                                                    559             705             976             669
   DEPARTMENT OF JUSTICE                                                       1,521           1,971           1,806           1,850

   DEPARTMENT OF LABOR:

     UNEMPLOYMENT TRUST FUND                                                   4,923           5,364           5,227           4,783



PAGE   2(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03



   CLASSIFICATION                                                       FEBRUARY          MARCH           APRIL            MAY
+  _________________________________________________________________ _______________ _______________ _______________ _______________
     OTHER                                                                       419             773             632             876
   DEPARTMENT OF STATE                                                           642             791             943             806

   DEPARTMENT OF TRANSPORTATION:

     HIGHWAY TRUST FUND                                                        1,791           1,709           2,193           2,642
     OTHER                                                                      -660           1,604           2,355           1,852

   DEPARTMENT OF THE TREASURY:

     INTEREST ON TREASURY DEBT SECURITIES (GROSS)                             15,835          13,418          14,060          20,339
     OTHER                                                                    20,909          10,411           5,980           2,438

   DEPARTMENT OF VETERANS
    AFFAIRS:
     COMPENSATION AND

      PENSIONS                                                                 2,317             289           2,339           4,545
     NATIONAL SERVICE LIFE                                                        78             102              87              82
     UNITED STATES GOVERNMENT LIFE                                                 1               1               1               1
     OTHER                                                                     2,174           2,582           2,537           2,339
   CORPS OF ENGINEERS                                                            382             351             341             426
   OTHER DEFENSE CIVIL PROGRAMS                                                3,208           3,566           3,226           3,253
   ENVIRONMENTAL PROTECTION                                                      587             706             749             638
   EXECUTIVE OFFICE OF THE PRESIDENT                                              22              26              29              25
   GENERAL SERVICES ADMINISTRATION                                              -348             304             301              -4

   INTERNATIONAL ASSISTANCE PROGRAM:

     INTERNATIONAL SECURITY ASSISTANCE                                         1,282           1,208             610           2,009
     MULTILATERAL ASSISTANCE                                                      32              39             364             246
     INTERNATIONAL DEVELOPMENT ASSISTANCE                                        227             358             354             341
     OTHER                                                                        32             219            -279            -494

   NATIONAL AERONAUTICS AND SPACE

    ADMINISTRATION                                                             1,030           1,249           1,323           1,175
   NATIONAL SCIENCE FOUNDATION                                                   331             339             362             369
   OFFICE OF PERSONNEL MANAGEMENT                                              4,203           4,549           4,777           4,168
   SMALL BUSINESS ADMINISTRATION                                                  85              32             925              71

   SOCIAL SECURITY ADMINISTRATION:
     FEDERAL OLD-AGE AND SURVIVORS INS.

      TRUST FUND (OFF-BUDGET)                                                 33,201          33,226          33,205          33,596




PAGE   3(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03



   CLASSIFICATION                                                       FEBRUARY          MARCH           APRIL            MAY
+  _________________________________________________________________ _______________ _______________ _______________ _______________

     FEDERAL DISABILITY INS. TRUST

      FUND (OFF-BUDGET)                                                        5,870           6,050           6,092           6,130
     OTHER                                                                     2,776              58           2,851           5,496

   INDEPENDENT AGENCIES:
     FED. DEPOSIT INS. CORP:

       BANK INSURANCE FUND                                                       607             184              76            -419
       SAVINGS ASSOCIATION INSURANCE FUND                                        -83              -5              49            -115

       FSLIC RESOLUTION FUND:

         RTC CLOSEOUT                                                             -9             -15              43              -7
         OTHER                                                                   -10              -2             -23              -8
       OFFICE OF INSPECTOR GENERAL                                            ......          ......              13          ......

     POSTAL SERVICE:

       PUBLIC ENTERPRISE FUNDS (OFF-BUDGET)                                     -504            -321            -948            -471
       PAYMENTS TO THE POSTAL SERVICE FUND                                    ......          ......               7          ......
     TENNESSEE VALLEY AUTHORITY                                                 -311             439            -440              84
     OTHER INDEPENDENT AGENCIES                                                1,829           2,004          -1,698             860

   UNDISTRIBUTED OFFSETTING RECEIPTS:
     EMPLOYER SHARE, EMPLOYEE

      RETIREMENT                                                              -3,160          -3,254          -3,365          -3,644
     INTEREST RECEIVED BY TRUST FUNDS                                         -2,126             -77             -23          -4,451

     RENTS AND ROYALTIES ON OUTER

      CONTINENTAL SHELF LANDS                                                   -412            -357            -659            -197
     SALE OF MAJOR ASSETS                                                     ......          ......          ......          ......
     OTHER                                                                      -750            -688            -689            -693

   ;CTOTALS THIS YEAR:

     TOTAL OUTLAYS                                                           186,164         179,288         180,114         192,301

       ;C(ON-BUDGET)                                                         148,452         141,186         145,477         153,976
       ;C(OFF-BUDGET)                                                         37,712          38,102          34,637          38,324

     ;CTOTAL-SURPLUS (+) OR DEFICIT (-)                                      -96,668         -58,918          51,060         -88,868






PAGE   4(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03



   CLASSIFICATION                                                       FEBRUARY          MARCH           APRIL            MAY
+  _________________________________________________________________ _______________ _______________ _______________ _______________

       ;C(ON-BUDGET)                                                        -100,276         -65,135          30,289         -93,383
       ;C(OFF-BUDGET)                                                          3,608           6,217          20,771           4,515

   ;C--

     TOTAL BORROWING FROM THE PUBLIC                                          45,222          29,215          -8,681          73,772
     TOTAL-OUTLAYS PRIOR YEAR                                                174,018         175,458         170,257         183,127
       (ON-BUDGET)                                                           137,713         138,167         136,765         146,685
       (OFF-BUDGET)                                                           36,304          37,291          33,492          36,442

     ;CTOTAL-SURPLUS (+) OR DEFICIT (-)

     PRIOR YEAR                                                              -76,056         -64,238          67,170         -80,631
       (ON-BUDGET)                                                           -80,626         -72,543          45,664         -86,462
       (OFF-BUDGET)                                                            4,571           8,306          21,505           5,831
-
-
-
-
-
-
-
-
-
-



PAGE   5(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03



   CLASSIFICATION                                                         JUNE            JULY           AUGUST         SEPTEMBER
+  _________________________________________________________________ _______________ _______________ _______________ _______________
   RECEIPTS:

   INDIVIDUAL INCOME TAXES                                                    86,781          54,157          ......          ......
   CORPORATION INCOME TAXES                                                   32,032           2,630          ......          ......

   SOCIAL INSURANCE AND
    RETIREMENT RECEIPTS:
     EMPLOYMENT AND GENERAL

      RETIREMENT                                                              61,956          50,917          ......          ......
     UNEMPLOYMENT INSURANCE                                                      880           2,520          ......          ......
     OTHER RETIREMENT                                                            360             353          ......          ......
   EXCISE TAXES                                                                5,583           6,551          ......          ......
   ESTATE AND GIFT TAXES                                                       1,406           1,773          ......          ......
   CUSTOMS DUTIES                                                              1,606           1,923          ......          ......
   MISCELLANEOUS RECEIPTS                                                      2,456           2,765          ......          ......

     ;ATOTAL--RECEIPTS THIS YEAR                                             193,059         123,589          ......          ......

       (ON-BUDGET)                                                           143,847          84,045          ......          ......
       ;C(OFF-BUDGET)                                                         49,212          39,544          ......          ......

     TOTAL--RECEIPTS PRIOR YEAR                                              182,633         134,409          ......          ......
     (ON BUDGET)                                                             134,138          95,174          ......          ......
     (OFF BUDGET)                                                             48,495          39,235          ......          ......

   ;COUTLAYS

   LEGISLATIVE BRANCH                                                            300             233          ......          ......
   JUDICIAL BRANCH                                                               417             408          ......          ......

   DEPARTMENT OF AGRICULTURE:
     COMMODITY CREDIT CORPORATION AND

      FOREIGN AGRICULTURAL SERVICE                                               222             376          ......          ......
     OTHER                                                                     3,403           4,458          ......          ......
   DEPARTMENT OF COMMERCE                                                        443             428          ......          ......

   ;CDEPARTMENT OF DEFENSE:
     MILITARY:

       MILITARY PERSONNEL                                                      6,705           9,291          ......          ......
       OPERATION AND MAINTENANCE                                              12,916          14,659          ......          ......
       PROCUREMENT                                                             6,218           5,464          ......          ......
-



PAGE   1(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03



   CLASSIFICATION                                                         JUNE            JULY           AUGUST         SEPTEMBER
+  _________________________________________________________________ _______________ _______________ _______________ _______________

       RESEARCH, DEVELOPMENT, TEST,

        AND EVALUATION                                                         5,573           4,258          ......          ......
       MILITARY CONSTRUCTION                                                     511             567          ......          ......
       FAMILY HOUSING                                                            309             354          ......          ......
       REVOLVING AND MANAGEMENT FUNDS                                            255          -1,139          ......          ......
       OTHER                                                                    -440             -58          ......          ......

           ;ATOTAL MILITARY                                                   32,046          33,397          ......          ......

   DEPARTMENT OF EDUCATION                                                     5,185           2,816          ......          ......
   DEPARTMENT OF ENERGY                                                        1,884           2,773          ......          ......

   DEPARTMENT OF HEALTH AND HUMAN
    SERVICES:

     PUBLIC HEALTH SERVICE                                                     3,631           3,289          ......          ......

     CENTERS FOR MEDICARE AND
      MEDICAID SERVICES:

       GRANTS TO STATES FOR MEDICAID                                          14,371          14,757          ......          ......
       FEDERAL HOSPITAL INS. TRUST FUND                                       11,197          13,052          ......          ......

       FEDERAL SUPP. MED. INS.

        TRUST FUND                                                             8,891          11,092          ......          ......
       OTHER                                                                   8,695           7,247          ......          ......

     ADMINISTRATION FOR CHILDREN

      AND FAMILIES                                                             3,870           3,659          ......          ......
     OTHER                                                                   -10,368          -9,267          ......          ......
   DEPARTMENT OF HOMELAND SECURITY                                             2,079           1,965          ......          ......

   DEPARTMENT OF HOUSING AND URBAN

    DEVELOPMENT                                                                5,082           2,735          ......          ......
   DEPARTMENT OF THE INTERIOR                                                    904             804          ......          ......
   DEPARTMENT OF JUSTICE                                                       1,612           1,731          ......          ......

   DEPARTMENT OF LABOR:

     UNEMPLOYMENT TRUST FUND                                                   4,706           5,166          ......          ......




PAGE   2(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03



   CLASSIFICATION                                                         JUNE            JULY           AUGUST         SEPTEMBER
+  _________________________________________________________________ _______________ _______________ _______________ _______________
     OTHER                                                                       842           1,224          ......          ......
   DEPARTMENT OF STATE                                                           546             735          ......          ......

   DEPARTMENT OF TRANSPORTATION:

     HIGHWAY TRUST FUND                                                        2,741           3,296          ......          ......
     OTHER                                                                     2,301           1,802          ......          ......

   DEPARTMENT OF THE TREASURY:

     INTEREST ON TREASURY DEBT SECURITIES (GROSS)                             82,734          11,035          ......          ......
     OTHER                                                                     6,656           2,515          ......          ......

   DEPARTMENT OF VETERANS
    AFFAIRS:
     COMPENSATION AND

      PENSIONS                                                                   226           2,381          ......          ......
     NATIONAL SERVICE LIFE                                                        81              81          ......          ......
     UNITED STATES GOVERNMENT LIFE                                                 1               1          ......          ......
     OTHER                                                                     1,856           2,316          ......          ......
   CORPS OF ENGINEERS                                                            324             379          ......          ......
   OTHER DEFENSE CIVIL PROGRAMS                                                3,461           3,312          ......          ......
   ENVIRONMENTAL PROTECTION                                                      642             649          ......          ......
   EXECUTIVE OFFICE OF THE PRESIDENT                                              33              30          ......          ......
   GENERAL SERVICES ADMINISTRATION                                               266              -4          ......          ......

   INTERNATIONAL ASSISTANCE PROGRAM:

     INTERNATIONAL SECURITY ASSISTANCE                                           166             337          ......          ......
     MULTILATERAL ASSISTANCE                                                      86             440          ......          ......
     INTERNATIONAL DEVELOPMENT ASSISTANCE                                        633             433          ......          ......
     OTHER                                                                       205             -68          ......          ......

   NATIONAL AERONAUTICS AND SPACE

    ADMINISTRATION                                                             1,278           1,166          ......          ......
   NATIONAL SCIENCE FOUNDATION                                                   439             464          ......          ......
   OFFICE OF PERSONNEL MANAGEMENT                                              4,630           4,993          ......          ......
   SMALL BUSINESS ADMINISTRATION                                                  52              58          ......          ......

   SOCIAL SECURITY ADMINISTRATION:
     FEDERAL OLD-AGE AND SURVIVORS INS.

      TRUST FUND (OFF-BUDGET)                                                 37,037          33,542          ......          ......





PAGE   3(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03



   CLASSIFICATION                                                         JUNE            JULY           AUGUST         SEPTEMBER
+  _________________________________________________________________ _______________ _______________ _______________ _______________

     FEDERAL DISABILITY INS. TRUST

      FUND (OFF-BUDGET)                                                        6,362           6,011          ......          ......
     OTHER                                                                        82           2,732          ......          ......

   INDEPENDENT AGENCIES:
     FED. DEPOSIT INS. CORP:

       BANK INSURANCE FUND                                                      -435             102          ......          ......
       SAVINGS ASSOCIATION INSURANCE FUND                                         13              36          ......          ......

       FSLIC RESOLUTION FUND:

         RTC CLOSEOUT                                                           (**)              -1          ......          ......
         OTHER                                                                    -2             -10          ......          ......
       OFFICE OF INSPECTOR GENERAL                                            ......          ......          ......          ......

     POSTAL SERVICE:

       PUBLIC ENTERPRISE FUNDS (OFF-BUDGET)                                     -358            -563          ......          ......
       PAYMENTS TO THE POSTAL SERVICE FUND                                    ......            (**)          ......          ......
     TENNESSEE VALLEY AUTHORITY                                                  479             -20          ......          ......
     OTHER INDEPENDENT AGENCIES                                               -2,706           1,644          ......          ......

   UNDISTRIBUTED OFFSETTING RECEIPTS:
     EMPLOYER SHARE, EMPLOYEE

      RETIREMENT                                                              -3,650          -3,429          ......          ......
     INTEREST RECEIVED BY TRUST FUNDS                                        -72,201             179          ......          ......

     RENTS AND ROYALTIES ON OUTER

      CONTINENTAL SHELF LANDS                                                   -864            -387          ......          ......
     SALE OF MAJOR ASSETS                                                     ......          ......          ......          ......
     OTHER                                                                      -690            -700          ......          ......

   ;CTOTALS THIS YEAR:

     TOTAL OUTLAYS                                                           171,836         177,830          ......          ......

       ;C(ON-BUDGET)                                                         171,929         142,580          ......          ......
       ;C(OFF-BUDGET)                                                            -93          35,249          ......          ......

     ;CTOTAL-SURPLUS (+) OR DEFICIT (-)                                       21,223         -54,241          ......          ......




PAGE   4(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03



   CLASSIFICATION                                                         JUNE            JULY           AUGUST         SEPTEMBER
+  _________________________________________________________________ _______________ _______________ _______________ _______________

       ;C(ON-BUDGET)                                                         -28,082         -58,535          ......          ......
       ;C(OFF-BUDGET)                                                         49,305           4,295          ......          ......

   ;C--

     TOTAL BORROWING FROM THE PUBLIC                                          41,239          85,926          ......          ......
     TOTAL-OUTLAYS PRIOR YEAR                                                153,562         163,568          ......          ......
       (ON-BUDGET)                                                           151,152         130,838          ......          ......
       (OFF-BUDGET)                                                            2,410          32,730          ......          ......

     ;CTOTAL-SURPLUS (+) OR DEFICIT (-)

     PRIOR YEAR                                                               29,071         -29,159          ......          ......
       (ON-BUDGET)                                                           -17,014         -35,663          ......          ......
       (OFF-BUDGET)                                                           46,085           6,505          ......          ......
-
-
-
-
-
-
-
-
-
-
 
PAGE   5(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                                                             COMPARABLE
                                                                                       FISCAL YEAR          PERIOD PRIOR
             CLASSIFICATION                                                              TO DATE             FISCAL YEAR
+            _________________________________________________________________       _______________       _______________
             RECEIPTS:

             INDIVIDUAL INCOME TAXES                                                         658,755               707,880
             CORPORATION INCOME TAXES                                                        100,163               117,560

             SOCIAL INSURANCE AND
              RETIREMENT RECEIPTS:
               EMPLOYMENT AND GENERAL

                RETIREMENT                                                                   567,063               560,820
               UNEMPLOYMENT INSURANCE                                                         27,577                24,277
               OTHER RETIREMENT                                                                3,819                 3,800
             EXCISE TAXES                                                                     54,491                54,366
             ESTATE AND GIFT TAXES                                                            18,549                22,513
             CUSTOMS DUTIES                                                                   16,215                15,124
             MISCELLANEOUS RECEIPTS                                                           29,780                29,567

               ;ATOTAL--RECEIPTS THIS YEAR                                                 1,476,411                ......

                 (ON-BUDGET)                                                               1,036,594                ......
                 ;C(OFF-BUDGET)                                                              439,818                ......

               TOTAL--RECEIPTS PRIOR YEAR                                                     ......             1,535,908
               (ON BUDGET)                                                                    ......             1,104,536
               (OFF BUDGET)                                                                   ......               431,372

             ;COUTLAYS

             LEGISLATIVE BRANCH                                                                2,867                 2,660
             JUDICIAL BRANCH                                                                   4,178                 3,905

             DEPARTMENT OF AGRICULTURE:
               COMMODITY CREDIT CORPORATION AND

                FOREIGN AGRICULTURAL SERVICE                                                  16,561                16,517
               OTHER                                                                          45,749                43,483
             DEPARTMENT OF COMMERCE                                                            4,436                 4,297

             ;CDEPARTMENT OF DEFENSE:
               MILITARY:

                 MILITARY PERSONNEL                                                           87,805                71,428
                 OPERATION AND MAINTENANCE                                                   122,440               104,827
                 PROCUREMENT                                                                  54,574                51,329
-




PAGE   1(4)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                                                             COMPARABLE
                                                                                       FISCAL YEAR          PERIOD PRIOR
             CLASSIFICATION                                                              TO DATE             FISCAL YEAR
+            _________________________________________________________________       _______________       _______________

                 RESEARCH, DEVELOPMENT, TEST,

                  AND EVALUATION                                                              44,678                36,805
                 MILITARY CONSTRUCTION                                                         4,642                 4,123
                 FAMILY HOUSING                                                                3,025                 2,999
                 REVOLVING AND MANAGEMENT FUNDS                                                  840                 1,815
                 OTHER                                                                           138                  -302

                     ;ATOTAL MILITARY                                                        318,142               273,023

             DEPARTMENT OF EDUCATION                                                          47,340                37,981
             DEPARTMENT OF ENERGY                                                             16,430                15,303

             DEPARTMENT OF HEALTH AND HUMAN
              SERVICES:

               PUBLIC HEALTH SERVICE                                                          34,139                30,369

               CENTERS FOR MEDICARE AND
                MEDICAID SERVICES:

                 GRANTS TO STATES FOR MEDICAID                                               133,091               122,872
                 FEDERAL HOSPITAL INS. TRUST FUND                                            126,952               122,006

                 FEDERAL SUPP. MED. INS.

                  TRUST FUND                                                                 103,099                90,128
                 OTHER                                                                        77,506                77,078

               ADMINISTRATION FOR CHILDREN

                AND FAMILIES                                                                  40,339                37,707
               OTHER                                                                         -94,693               -93,108
             DEPARTMENT OF HOMELAND SECURITY                                                  25,469                12,570

             DEPARTMENT OF HOUSING AND URBAN

              DEVELOPMENT                                                                     32,121                28,346
             DEPARTMENT OF THE INTERIOR                                                        7,252                 8,012
             DEPARTMENT OF JUSTICE                                                            17,330                17,270

             DEPARTMENT OF LABOR:

               UNEMPLOYMENT TRUST FUND                                                        49,420                45,006




PAGE   2(4)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                                                             COMPARABLE
                                                                                       FISCAL YEAR          PERIOD PRIOR
             CLASSIFICATION                                                              TO DATE             FISCAL YEAR
+            _________________________________________________________________       _______________       _______________
               OTHER                                                                           8,714                 7,988
             DEPARTMENT OF STATE                                                               7,934                 8,092

             DEPARTMENT OF TRANSPORTATION:

               HIGHWAY TRUST FUND                                                             23,860                24,613
               OTHER                                                                          15,769                20,786

             DEPARTMENT OF THE TREASURY:

               INTEREST ON TREASURY DEBT SECURITIES (GROSS)                                  288,803               299,344
               OTHER                                                                          55,170                43,339

             DEPARTMENT OF VETERANS
              AFFAIRS:
               COMPENSATION AND

                PENSIONS                                                                      23,185                21,200
               NATIONAL SERVICE LIFE                                                             821                   810
               UNITED STATES GOVERNMENT LIFE                                                       8                     8
               OTHER                                                                          22,733                19,545
             CORPS OF ENGINEERS                                                                3,998                 4,024
             OTHER DEFENSE CIVIL PROGRAMS                                                     33,355                29,283
             ENVIRONMENTAL PROTECTION                                                          6,529                 6,080
             EXECUTIVE OFFICE OF THE PRESIDENT                                                   277                   392
             GENERAL SERVICES ADMINISTRATION                                                     609                    37

             INTERNATIONAL ASSISTANCE PROGRAM:

               INTERNATIONAL SECURITY ASSISTANCE                                               8,358                 7,831
               MULTILATERAL ASSISTANCE                                                         1,847                 1,925
               INTERNATIONAL DEVELOPMENT ASSISTANCE                                            3,462                 3,037
               OTHER                                                                          -1,074                  -167

             NATIONAL AERONAUTICS AND SPACE

              ADMINISTRATION                                                                  11,762                11,807
             NATIONAL SCIENCE FOUNDATION                                                       3,729                 3,300
             OFFICE OF PERSONNEL MANAGEMENT                                                   45,408                43,912
             SMALL BUSINESS ADMINISTRATION                                                     1,468                   699

             SOCIAL SECURITY ADMINISTRATION:
               FEDERAL OLD-AGE AND SURVIVORS INS.

                TRUST FUND (OFF-BUDGET)                                                      335,518               324,312





PAGE   3(4)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                                                             COMPARABLE
                                                                                       FISCAL YEAR          PERIOD PRIOR
             CLASSIFICATION                                                              TO DATE             FISCAL YEAR
+            _________________________________________________________________       _______________       _______________

               FEDERAL DISABILITY INS. TRUST

                FUND (OFF-BUDGET)                                                             59,526                54,878
               OTHER                                                                          27,651                27,171

             INDEPENDENT AGENCIES:
               FED. DEPOSIT INS. CORP:

                 BANK INSURANCE FUND                                                            -387                   285
                 SAVINGS ASSOCIATION INSURANCE FUND                                             -266                  -283

                 FSLIC RESOLUTION FUND:

                   RTC CLOSEOUT                                                                  203                   412
                   OTHER                                                                        -156                  -122
                 OFFICE OF INSPECTOR GENERAL                                                      13                    15

               POSTAL SERVICE:

                 PUBLIC ENTERPRISE FUNDS (OFF-BUDGET)                                         -6,996                -5,489
                 PAYMENTS TO THE POSTAL SERVICE FUND                                              76                   771
               TENNESSEE VALLEY AUTHORITY                                                        -52                  -433
               OTHER INDEPENDENT AGENCIES                                                      9,437                13,063

             UNDISTRIBUTED OFFSETTING RECEIPTS:
               EMPLOYER SHARE, EMPLOYEE

                RETIREMENT                                                                   -33,714               -32,123
               INTEREST RECEIVED BY TRUST FUNDS                                             -153,934              -150,002

               RENTS AND ROYALTIES ON OUTER

                CONTINENTAL SHELF LANDS                                                       -4,228                -4,386
               SALE OF MAJOR ASSETS                                                           ......                ......
               OTHER                                                                          -6,757                    -1

             ;CTOTALS THIS YEAR:

               TOTAL OUTLAYS                                                               1,800,390                ......

                 ;C(ON-BUDGET)                                                             1,516,919                ......
                 ;C(OFF-BUDGET)                                                              283,470                ......

               ;CTOTAL-SURPLUS (+) OR DEFICIT (-)                                           -323,978                ......




PAGE   4(4)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                             TABLE 7.  RECEIPTS AND OUTLAYS OF THE U.S. GOVERNMENT BY MONTH (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                                                             COMPARABLE
                                                                                       FISCAL YEAR          PERIOD PRIOR
             CLASSIFICATION                                                              TO DATE             FISCAL YEAR
+            _________________________________________________________________       _______________       _______________

                 ;C(ON-BUDGET)                                                              -480,326                ......
                 ;C(OFF-BUDGET)                                                              156,348                ......

             ;C--

               TOTAL BORROWING FROM THE PUBLIC                                               352,663               167,507
               TOTAL-OUTLAYS PRIOR YEAR                                                       ......             1,681,378
                 (ON-BUDGET)                                                                  ......             1,405,634
                 (OFF-BUDGET)                                                                 ......               275,744

               ;CTOTAL-SURPLUS (+) OR DEFICIT (-)

               PRIOR YEAR                                                                     ......              -145,470
                 (ON-BUDGET)                                                                  ......              -301,098
                 (OFF-BUDGET)                                                                 ......               155,629
-
-
-
-
-
-
-
-
-
-




PAGE   5(4)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                          TABLE 8.  TRUST FUND IMPACT ON BUDGET RESULTS AND INVESTMENT HOLDINGS (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                        CURRENT MONTH         CURRENT MONTH         CURRENT MONTH
  CLASSIFICATION                                                          RECEIPTS               OUTLAYS               EXCESS
+ _________________________________________________________________ _____________________ _____________________ _____________________
  TRUST RECEIPTS, OUTLAYS, AND INVESTMENTS HELD:

    AIRPORT AND AIRWAY                                                                748                   685                    63
    BLACK LUNG DISABILITY                                                              48                    36                    12
    FEDERAL DISABILITY INSURANCE                                                    6,067                 6,011                    56
    FEDERAL EMPLOYEES LIFE AND HEALTH                                              ......                   109                  -109
    FEDERAL EMPLOYEES RETIREMENT                                                    1,542                 4,355                -2,813
    FEDERAL HOSPITAL INSURANCE                                                     11,380                13,106                -1,726
    FEDERAL OLD-AGE AND SURVIVORS INSURANCE                                        37,217                33,542                 3,675
    FEDERAL SUPPLEMENTARY MEDICAL INSURANCE                                         9,531                11,092                -1,561
    HAZARDOUS SUBSTANCE SUPERFUND                                                       5                   116                  -111
    HIGHWAYS                                                                        2,858                 3,490                  -632
    MILITARY ADVANCES                                                               1,090                   875                   214
    MILITARY RETIREMENT                                                               895                 2,972                -2,077
    RAILROAD RETIREMENT                                                               742                   739                     3
    UNEMPLOYMENT                                                                    2,533                 5,172                -2,639
    VETERANS LIFE INSURANCE                                                            13                   103                   -90
    ALL OTHER TRUST                                                                   289                   213                    76

      ;BTOTAL TRUST FUND RECEIPTS AND OUTLAYS

       AND INVESTMENTS HELD FROM TABLE 6-D                                         74,959                82,618                -7,659

  LESS: INTERFUND TRANSACTIONS                                                     17,345          	17,345               ......

  ;BTRUST FUND RECEIPTS AND OUTLAYS ON THE BASIS

   OF TABLES 4 & 5                                                                 57,614                65,273                -7,659
  ;CTOTAL FEDERAL FUND RECEIPTS AND OUTLAYS                                        65,997               112,579               -46,582
    LESS: INTERFUND TRANSACTIONS                                                       22                    22                ......

  ;BFEDERAL FUND RECEIPTS AND OUTLAYS ON THE

   BASIS OF TABLE 4 & 5                                                            65,975               112,557               -46,582

 ;CNET BUDGET RECEIPTS & OUTLAYS                                                 123,589               177,830               -54,241
-
-
-



PAGE   1(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                          TABLE 8.  TRUST FUND IMPACT ON BUDGET RESULTS AND INVESTMENT HOLDINGS (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                            FYTD                  FYTD                  FYTD
  CLASSIFICATION                                                          RECEIPTS               OUTLAYS               EXCESS
+ _________________________________________________________________ _____________________ _____________________ _____________________
  TRUST RECEIPTS, OUTLAYS, AND INVESTMENTS HELD:

    AIRPORT AND AIRWAY                                                              7,074                 7,771                  -697
    BLACK LUNG DISABILITY                                                             382                   353                    29
    FEDERAL DISABILITY INSURANCE                                                   75,490                59,526                15,964
    FEDERAL EMPLOYEES LIFE AND HEALTH                                              ......                -2,221                 2,221
    FEDERAL EMPLOYEES RETIREMENT                                                   54,107                42,499                11,608
    FEDERAL HOSPITAL INSURANCE                                                    149,867               127,761                22,107
    FEDERAL OLD-AGE AND SURVIVORS INSURANCE                                       468,906               335,518               133,388
    FEDERAL SUPPLEMENTARY MEDICAL INSURANCE                                        94,307               103,099                -8,792
    HAZARDOUS SUBSTANCE SUPERFUND                                                     725                 1,147                  -422
    HIGHWAYS                                                                       25,138                31,219                -6,081
    MILITARY ADVANCES                                                               8,649                 8,681                   -31
    MILITARY RETIREMENT                                                            38,330                29,617                 8,713
    RAILROAD RETIREMENT                                                            27,815                25,303                 2,511
    UNEMPLOYMENT                                                                   31,812                49,499               -17,687
    VETERANS LIFE INSURANCE                                                           928                   908                    20
    ALL OTHER TRUST                                                                 3,481                 3,542                   -61

      ;BTOTAL TRUST FUND RECEIPTS AND OUTLAYS

       AND INVESTMENTS HELD FROM TABLE 6-D                                        987,010               824,221               162,788

  LESS: INTERFUND TRANSACTIONS                                                    354,860               354,860                ......

  ;BTRUST FUND RECEIPTS AND OUTLAYS ON THE BASIS

   OF TABLES 4 & 5                                                                632,150               469,362               162,788
  ;CTOTAL FEDERAL FUND RECEIPTS AND OUTLAYS                                       844,705             1,331,471              -486,766
    LESS: INTERFUND TRANSACTIONS                                                      443                   443                ......

  ;BFEDERAL FUND RECEIPTS AND OUTLAYS ON THE

   BASIS OF TABLE 4 & 5                                                           844,262             1,331,028              -486,766

 ;CNET BUDGET RECEIPTS & OUTLAYS                                               1,476,411             1,800,390              -323,978
-
-
-



PAGE   1(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                          TABLE 8.  TRUST FUND IMPACT ON BUDGET RESULTS AND INVESTMENT HOLDINGS (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                    SEC. HELD AS INVEST.  SEC. HELD AS INVEST.  SEC. HELD AS INVEST.
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________
  TRUST RECEIPTS, OUTLAYS, AND INVESTMENTS HELD:

    AIRPORT AND AIRWAY                                                             10,997                11,762                11,855
    BLACK LUNG DISABILITY                                                          ......                ......                ......
    FEDERAL DISABILITY INSURANCE                                                  155,287               170,706               171,024
    FEDERAL EMPLOYEES LIFE AND HEALTH                                              32,904                35,138                35,152
    FEDERAL EMPLOYEES RETIREMENT                                                  586,037               600,419               597,606
    FEDERAL HOSPITAL INSURANCE                                                    228,906               252,485               250,932
    FEDERAL OLD-AGE AND SURVIVORS INSURANCE                                     1,173,759             1,303,515             1,307,059
    FEDERAL SUPPLEMENTARY MEDICAL INSURANCE                                        38,804                31,474                30,504
    HAZARDOUS SUBSTANCE SUPERFUND                                                   3,234                 2,783                 2,787
    HIGHWAYS                                                                       18,840                15,300                15,430
    MILITARY ADVANCES                                                              ......                ......                ......
    MILITARY RETIREMENT                                                           162,396               175,738               173,900
    RAILROAD RETIREMENT                                                            25,260                 2,494                 2,499
    UNEMPLOYMENT                                                                   68,265                52,854                49,348
    VETERANS LIFE INSURANCE                                                        13,334                13,445                13,353
    ALL OTHER TRUST                                                                14,235                14,103                14,157

      ;BTOTAL TRUST FUND RECEIPTS AND OUTLAYS

       AND INVESTMENTS HELD FROM TABLE 6-D                                      2,532,258             2,682,217             2,675,606

  LESS: INTERFUND TRANSACTIONS                                                     ......                ......                ......

  ;BTRUST FUND RECEIPTS AND OUTLAYS ON THE BASIS

   OF TABLES 4 & 5                                                                                                                   
  ;CTOTAL FEDERAL FUND RECEIPTS AND OUTLAYS                                                                                          
    LESS: INTERFUND TRANSACTIONS                                                                                                     

  ;BFEDERAL FUND RECEIPTS AND OUTLAYS ON THE

   BASIS OF TABLE 4 & 5                                                                                                              

 
  ;CNET BUDGET RECEIPTS & OUTLAYS                                                                                                    
-
-
-
 


PAGE   1(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                 TABLE 9.  SUMMARY OF RECEIPTS BY SOURCE, AND OUTLAYS BY FUNCTION OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/03

                                                                                               FISCAL YEAR        COMPARABLE PERIOD
  CLASSIFICATION                                                          THIS MONTH             TO DATE          PRIOR FISCAL YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________
  NET RECEIPTS

  INDIVIDUAL INCOME TAXES                                                          54,157               658,755               707,880
  CORPORATION INCOME TAXES                                                          2,630               100,163               117,560

  SOCIAL INSURANCE AND RETIREMENT RECEIPTS:

    EMPLOYMENT AND GENERAL RETIREMENT                                              50,917               567,063               560,820
    UNEMPLOYMENT INSURANCE                                                          2,520                27,577                24,277
    OTHER RETIREMENT                                                                  353                 3,819                 3,800
  EXCISE TAXES                                                                      6,551                54,491                54,366
  ESTATE AND GIFT TAXES                                                             1,773                18,549                22,513
  CUSTOMS DUTIES                                                                    1,923                16,215                15,124
  MISCELLANEOUS RECEIPTS                                                            2,765                29,780                29,567

        ;ATOTAL                                                                   123,589             1,476,411             1,535,908

  NET OUTLAYS

  NATIONAL DEFENSE                                                                 34,234               331,076               285,758
  INTERNATIONAL AFFAIRS                                                             2,474                17,537                20,036
  GENERAL SCIENCE, SPACE, AND TECHNOLOGY                                            1,900                18,243                17,738
  ENERGY                                                                               -8                  -945                  -681
  NATURAL RESOURCES AND ENVIRONMENT                                                 2,081                21,771                21,967
  AGRICULTURE                                                                       1,016                21,453                22,979
  COMMERCE AND HOUSING CREDIT                                                        -522                -2,132                -1,985
  TRANSPORTATION                                                                    5,993                51,782                49,145
  COMMUNITY AND REGIONAL DEVELOPMENT                                                  952                13,786                 9,572
  EDUCATION, TRAINING, EMPLOYMENT AND SOCIAL SERVICES                               4,950                68,060                58,159
  HEALTH                                                                           19,747               181,988               163,471
  MEDICARE                                                                         21,725               207,291               191,372
  INCOME SECURITY                                                                  25,804               288,085               266,411
  SOCIAL SECURITY                                                                  39,556               395,007               379,555
  VETERANS BENEFITS AND SERVICES                                                    4,789                46,880                41,656
  ADMINISTRATION OF JUSTICE                                                         2,850                29,203                28,362
  GENERAL GOVERNMENT                                                                2,254                21,564                14,922
  NET INTEREST                                                                     12,551               134,438               149,452
  UNDISTRIBUTED OFFSETTING RECEIPTS                                                -4,516               -44,698               -36,509

        ;BTOTAL                                                                   177,830             1,800,390             1,681,378
-
-







 MONTHLY TREASURY STATEMENT of Receipts and Outlays of the United
States Government
     
For Fiscal Year 2003 Through July 31, 2003, and Other Periods
     
HIGHLIGHT

The interest on Treasury debt securities is 11.0 billion which is 6.2 percent of the total current month Federal Outlays
.
INTRODUCTION
     
The Monthly Treasury Statement of Receipts and Outlays of the
United States Government(MTS) is prepared by the Financial
Management Service, Department of the Treasury, and after
approval by the Fiscal Assistant Secretary of the Treasury, is
normally released on the 14th workday of the month following the
reporting month. The publication is based on data provided by
Federal entities, disbursing officers, and Federal Reserve banks.
     
AUDIENCE
     
The MTS is published to meet the needs of: Those responsible for
or interested in the cash position of the Treasury; Those who are
responsible or interested in the Government's budget results; and
individuals and businesses whose operations depend upon or are
related to the Government's financial operations.
     
DISCLOSURE STATEMENT
     
This statement summarizes the financial activities of the Federal
Government and off-budget Federal entities conducted in
accordance with the Budget of the U.S. Government, i.e. receipts
and outlays of funds, the surplus or deficit, and the means of
financing the deficit or disposing of the surplus.  Information
is presented on a modified cash basis; receipts are accounted for
on the basis of collections; refunds of receipts are treated as
deductions from gross receipts; revolving and management fund
receipts, reimbursements and refunds of monies previously
expended are treated as deductions from gross outlays; and
interest on the public debt (public issues) is recognized on the
accrual basis.  Major information sources include accounting data
reported by Federal entities, disbursing officers, and Federal
Reserve banks.
     
TRIAD OF PUBLICATIONS
     
The MTS is part of a triad of Treasury financial reports.  The
Daily Treasury Statement is published each working day of the
Federal Government.  It provides data on the cash and debt
operations of the Treasury based upon reporting of the Treasury
account balances by Federal Reserve banks.  The MTS is a report
of Government receipts and outlays, based on agency reporting. 
The Combined Statement of Receipts, Outlays, and Balances of the 
United States Government is the official publication of
the detailed receipts and outlays of the Government.  It is
published annually in accordance with legislative mandates given
to the Secretary of the Treasury.
     
DATA SOURCES AND INFORMATION
     
The Explanatory Notes section of this publication provides
information concerning the flow of data into the MTS and sources
of information relevant to the MTS.    

FOOTNOTES
     

TABLE 1
 
The receipt, outlay and deficit figures differ from the FY 2004 Budget, released by the Office of Management and Budget on February 3, 2003, by $11 million due mainly to revisions in the data following the release of the Final Monthly Treasury Statement.

Outlays have been increased by $80 million, $470 million, $338 million, and $206 million, in October 2002, January 2003, February 2003, and March 2003; respectively; to reflect the unrealized losses for the National railroad retirement trust fund.

Outlays have been decreased by $221 million, $368 million, $17 million, $1,160 million, and $968 million, in November 2002, December 2002, April 2003, May 2003, and June 2003; respectively; to reflect the unrealized gains for the National railroad retirement trust fund.

Outlays, for June 2003, have been increased by $905 million to correct the estimated reporting for the International Monetary Fund (IMF) and July 2003 reporting has been estimated due to agency systems problems.


   
Note: Details may not add to totals due to rounding.


TABLE 2

These estimates are based on the FY 2004 Mid-Session Review, released by the Office of Management and Budget on July 15, 2003.

......  No Transactions
     

TABLE 3

These estimates are based on the FY 2004 Mid-Session Review, released by the Office of Management and Budget on July 15, 2003.

Outlays, for June 2003, have been increased by $905 million to correct the estimated reporting for the International Monetary Fund (IMF) and July 2003 reporting has been estimated due to agency systems problems.

Outlays have been increased by $80 million, $470 million, $338 million, and $206 million, in October 2002, January 2003, February 2003, and March 2003; respectively; to reflect the unrealized losses for the National railroad retirement trust fund.

Outlays have been decreased by $221 million, $368 million, $17 million, $1,160 million, and $968 million, in November 2002, December 2002, April 2003, May 2003, and June 2003; respectively; to reflect the unrealized gains for the National railroad retirement trust fund.

.......  No Transactions

Note: Details may not add to totals due to rounding.


TABLE 4

In accordance with the Social Security Act as amended: "Individual income taxes, Withheld" have been increased and "Federal Insurance Contribution Act Taxes" correspondingly decreased by $2,686 million to correct estimates for the quarter ending June 30, 2002.  "Individual income taxes, Other" have been decreased and "Self-Employment Contribution Act Taxes" correspondingly increased by $266 million to correct estimates for the calendar year 2000 and prior.

......  No Transactions
     
(* *) Less than $500,000
     
Note: Details may not add to totals due to rounding.


TABLE 5

 	Outlays, for June 2003, have been increased by $905 million to correct the estimated reporting for the International Monetary Fund (IMF) and July 2003 reporting has been estimated due to agency systems problems.

Includes FICA and SECA tax credits, non-contributory military service credits, special benefits for the aged, and credit for the unnegotiated OASI benefit checks.

Outlays have been increased by $80 million, $470 million, $338 million, and $206 million, in October 2002, January 2003, February 2003, and March 2003; respectively; to reflect the unrealized losses for the National railroad retirement trust fund.

Outlays have been decreased by $221 million, $368 million, $17 million, $1,160 million, and $968 million, in November 2002, December 2002, April 2003, May 2003, and June 2003; respectively; to reflect the unrealized gains for the National railroad retirement trust fund.

The Postal Service accounting year is comprised of thirteen 28-day periods.  To conform with the MTS calendar-month reporting basis used by all other Federal agencies, the MTS reflects USPS results through July 13th and estimates for $1,372 million through July 31st.       

     
......  No Transactions

(**) Less than $500,000
    
Note: Details may not add to totals due to rounding.


TABLE 6
 
Major sources of information used to determine Treasury's operating cash balance include Federal Reserve Banks, the Treasury Regional Finance Centers, the Internal Revenue Service Centers, the Bureau of the Public Debt and various electronic systems.  Deposits are reflected as received and withdrawals are reflected as processed.

Includes adjustments of -$905 million to correct the June 2003 estimated reporting for the International Monetary Fund (IMF) and July 2003 reporting has been estimated due to agency systems problems.

Includes $44,701 million of time deposit balances that are secured by the Depositary Compensation Securities.

Includes adjustments of -$80 million, -$470 million, -$338 million, and -$206 million, in October 2002, January 2003, February 2003, and March 2003; respectively; to reflect the unrealized losses for the National railroad retirement trust fund.

Includes adjustments of  $221 million, $368 million, $17 million, $1,160 million, and $968 million, in November 2002, 
December 2002, April 2003, May 2003, and June 2003;respectively; to reflect the unrealized gains for the National railroad retirement trust fund.


...... No Transactions

    
Note: Details may not add to totals due to rounding.

TABLE 6A
 
......  No Transactions
     
     
Note: Details may not add to totals due to rounding.
     
TABLE 6B

......  No Transactions
 (* *) Less than $500,000.    
     
Note: Details may not add to totals due to rounding.
     
TABLE 6C

Note: This table includes lending by the Federal Financing Bank
accomplished by the purchase of agency financial assets, by the
acquisition of agency debt securities, and by the direct loans on
behalf of an agency.  The Federal Financing Bank borrows from 
Treasury and issues its own securities and in turn may loan these
funds to agencies in lieu of agencies borrowing directly through
Treasury or issuing their own securities.
     
......  No Transactions
     
(* *) Less than $500,000
     
Note: Details may not add to totals due to rounding.




TABLE 6D

......  No Transactions
     
(* *) Less than $500,000
     
Note: Investments are in Treasury securities unless otherwise noted.
     
Note: Details may not add to totals due to rounding.


TABLE 6E

Note: Federal credit programs provide benefits to the public in the form of direct loans and loan guarantees.  This table reflects cash transactions and balances of the nonbudgetary financing fund accounts that result from the disbursement of loans, collection of fees, repayment of principle, sale of collateral, interest, and subsidy received from the credit program accounts at net present value in accordance with the Credit Reform Act of 1990.   Unreimbursed costs such as administrative expenses and subsidy payments are reported on a cash basis and included within each program's budgetary totals in Table 5.


......  No Transactions
     
(* *) Less than $500,000
     
Note: Details may not add to totals due to rounding.
 
TABLE 7
   
......  No Transactions
     
(* *) Less than $500,000
     
Note: Details may not add to totals due to rounding.
     
TABLE 8

Note: Interfund receipts and outlays are transactions between Federal funds and trust funds such
as Federal payments and contributions, and interest and profits on investments in Federal
securities. They have no net effect on overall budget receipts and outlays since the receipt side
of such transactions is offset against budget outlays.  In this table, Interfund receipts are
shown as an adjustment to arrive at total receipts and outlays of trust funds respectively.    


Note: Details may not add to totals due to rounding.

TABLE 9
     
Note: Details may not add to totals due to rounding.

......  No Transactions


EXPLANATORY NOTES
     
1. Flow of Data into Monthly Treasury Statement
The Monthly Treasury Statement (MTS) is assembled from data
in the central accounting system.  The major sources of data
include monthly accounting reports by Federal entities and
disbursing officers, and daily reports from the Federal Reserve
banks.  These reports detail accounting transactions affecting
receipts and outlays of the Federal Government and off-budget
Federal entities, and their related effect on the assets and
liabilities of the U.S. Government.  Information is presented in
the MTS on a modified cash basis.
     
2. Notes on Receipts
     Receipts included in the report are classified into the
following major categories: (1) budget receipts and (2)
offsetting collections (also called applicable receipts).  Budget
receipts are collections from the public that result from the
exercise of the Government's sovereign or governmental powers,
excluding receipts offset against outlays.  These collections,
also called governmental receipts, consist mainly of tax receipts
(including social insurance taxes), receipts from court fines,
certain licenses, and deposits of earnings by the Federal Reserve
System.  Refunds of receipts are treated as deductions from  
gross receipts.
     Offsetting collections are from other Government accounts or
the public that are of a business-type or market-oriented nature. 
They are classified into two major categories: (1) offsetting
collections credited to appropriations or fund accounts, and (2)
offsetting receipts (i.e.,amounts deposited in receipt accounts). 
Collections credited to appropriation or fund accounts normally
can be used without appropriation action by Congress.  These
occur in two instances :(1) when authorized by law, amounts
collected for materials or services are treated as reimbursements
to appropriations and (2) in the three types of revolving   
funds (public enterprise, intra governmental, and trust);
collections are netted against spending, and outlays are reported
as the net amount.
     Offsetting receipts in receipt accounts cannot be used
without being appropriated.  They are subdivided into two
categories: (1) proprietary receipts - these collections are from
the public and they are offset against outlays by agency and by
function, and (2) intra governmental funds - these are payments
into receipt accounts from Governmental appropriation or fund
accounts. The transactions may be intrabudgetary when the payment
and receipt both occur within the budget or from receipts from
off-budget Federal entities in those cases where payment is made
by a Federal entity whose budget authority and outlays are
excluded from the budget totals.
     Intrabudgetary transactions are subdivided into three
categories: (1) interfund transactions, where the payments are
from one fund group (either Federal funds or trust funds) to a
receipt account in the other fund group; (2) Federal intrafund
transactions, where the payments and receipts both occur within
the Federal fund group; and (3) trust intrafund transactions,
where the payments and receipts both occur within the trust
fund group.
     Offsetting receipts are generally deducted from budget
authority and outlays by function, by subfunction, or by agency. 
There are four types of receipts, however, that are deducted from
budget totals as undistributed offsetting receipts.  They are:
(1) agencies' payments (including payments by off-budget Federal
entities) as employers into employees retirement funds,
(2)interest received by trust funds, (3) rents and royalties on
the Outer Continental Shelf lands, and(4) other interest (i.e.,
interest collected on Outer Continental Shelf money in deposit
funds when such money is transferred into the budget).  

3. Notes on Outlays
     Outlays are generally accounted for on the basis of checks
issued, electronic funds transferred, or cash payments made. 
Certain outlays do not require issuance of cash or checks. An
example is charges made against appropriations for that part of
employees' salaries withheld for taxes or savings bond allotments
- these are counted as payments to the employee and credits for
whatever purpose the money was withheld.  Outlays are stated net
of offsetting collections (including receipts of revolving and
management funds) and of refunds.  Interest on the public debt
(public issues) is recognized on the accrual basis.  Federal
credit programs subject to the Federal Credit Reform Act of
1990 use the cash basis of accounting and are divided into two
components.  The portion of the credit activities that involve a
cost to the Government (mainly subsidies) is included within the
budget program accounts.  The remaining portion of the credit
activities are in non-budget financing accounts.  Outlays of
off-budget Federal entities are excluded by law from budget
totals.  However, they are shown separately and combined with the
on-budget outlays to display total Federal outlays.
     
4. Processing
     The data on payments and collections are reported by account
symbol into the central accounting system.  In turn, the data are
extracted from this system for use in the preparation of the MTS.
     There are two major checks which are conducted to assure
consistency of the data reported:
1. Verification of payment data.  The monthly payment activity
reported by Federal entities on the Statements of Transactions is
compared to the payment activity of Federal entities as reported
by disbursing officers.
2. Verification of collection data.  Reported collections
appearing on Statements of Transactions are compared to deposits
as reported by Federal Reserve Banks.
     
5. Other Sources of Information About Federal Government
     Financial Activities
       A Glossary of Terms Used in the Federal Budget Process,
January 1993.  This glossary provides a basic reference document
of standardized definitions of terms used by the Federal
Government in the budget making process.
     
       Daily Treasury Statement (Available on the internet at http://www.fms.treas.gov/). The Daily Treasury Statement is
published each working day of the Federal Government and provides
data on the cash and debt operations of the Treasury.
     
       Monthly Statement of the Public Debt (Available from GPO, Washington, D.C. 20402 on a subscription basis only and on the internet at http://www.fms.treas.gov/opd/opd.htm).  This publication
provides detailed information concerning the public debt.
     
       Treasury Bulletin (Available from GPO, Washington, D.C. 20402 on a subscription or single copy and on the internet at http://www.fms.treas.gov/).  Quarterly.  Contains a mix of
narrative, tables, and charts on Treasury issues, Federal
financial operations, international statistics, and special
reports.
     
       Budget of the United States Government, Fiscal Year 20__ (Available from GPO, Washington, D.C. 20402 on a subscription basis only and on the internet at http://www.access.gpo.gov/). 
This publication is a single volume which provides budget
information and contains:
          -Appendix, The Budget of the United States  
           Government, FY 20__
          -The United States Budget in Brief, FY 20__
          -Special Analyses
          -Historical Tables
          -Management of the United States Government
          -Major Policy Initiatives
     
     
       Combined Statement of Receipts, Outlays, and Balances of the 
United States Government (Available from Financial Management Services, U.S. Department of Treasury, Washington, D.C. 20227 and on the internet at http://www.fms.treas.gov/annualreport).  This report includes budgetary results at 
the summary level and presents individual receipt and appropriation 
accounts at the detail level.
     
SCHEDULED RELEASE

The release date for the August Statement will be 2:00 pm EST September 17, 2003.